NEW YORK – Xeal, a leading provider of electric vehicle charging stations and smarter technology for the multifamily industry, and Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, today announced a partnership under which Xeal will install more than 300 EV charging stations at select Harrison Street senior housing, student housing, life science, and medical office properties located in California, Massachusetts, Texas, and Virginia.
Harrison Street selected Xeal’s vanguard all-in-one EV solution as part of its broader strategy to meet resident and tenant demand for top-tier amenities, including charging stations, and to provide them with the most seamless, reliable and intelligent charging technology.
“We are thrilled to assist Harrison Street as they strive to accelerate the deployment of EV chargers at their properties in order to support the explosive growth of electric vehicles. We believe that our EV charging technology and self-reliant communication architecture is the most accessible and dependable choice for their residents and visitors now and in the future,” said Alexander (Zander) Isaacson, Co-Founder and CEO at Xeal. “From our vantage point, Harrison Street is not only offering sufficient charging for today’s EV drivers, but they’re also demonstrating the leadership that if you build it, they will come. This is the type of leadership that will accelerate the trajectory to 100% clean energy.”
Xeal’s charging platform relies on its patent-pending Apollo protocol, which uses encrypted tokens and distributed ledger technology for communication, eliminating the need for costly IT/network infrastructure and upgrades entirely, reducing capex and maximizing ROI. With Xeal’s holistic software, drivers gain on-demand charging access and owners can install up to 3x as many charging stations without electrical upgrades.
“As a first mover in alternative real asset investing, Harrison Street has long sought to develop and execute on environmental and social best practices that make a positive impact for our employees, tenants, and communities,” said Jill Brosig, Managing Director and Chief Impact Officer at Harrison Street. “One of these practices is to significantly reduce carbon emissions. Partnering with Xeal on the initial rollout of more than 300 technologically advanced, highly reliable EV charging stations will allow us to both support and measure avoided emissions from vehicles. As we move toward a net zero carbon economy these types of initiatives help propel our communities into the future.”