Sequoia Equities Adds Hot, New Amenity to 28 California Properties: Electric Car Charging

Walnut Creek, California (EastBayDaily) — Sequoia Equities, Inc., a leader in multifamily investment management, and NRG eVgo SM, a wholly owned subsidiary of NRG Energy, Inc., are partnering to provide electric vehicle (EV) charging to 28 apartment communities across California.

California accounts for one-third of all electric vehicle sales in the nation and, according to the U.S. Census Bureau, approximately 11.7 million Californians live in apartment communities where EV charging options are a limited amenity. Knowing that EV charging can significantly impact a consumer’s choice of place to live, Sequoia has selected eVgo and their Ready for Electric Vehicle (REV) program, a charging solution specifically intended to meet the needs of multifamily properties, to deliver a dedicated charging option to residents. Each eVgo charger is assigned to a single driver for their personal use on their schedule to eliminate the inconvenience that occurs when multiple residents want to charge at the same time on a shared charger. The chargers are 240-volt Level 2 supporting the industry standard J1772 universal EV connector and deliver range at a rate of 12 – 25 miles per hour.

“NRG eVgo is proud to partner with Sequoia to bring easy, reliable and affordable EV charging to residents in these multifamily properties across California,” said Terry O’Day, vice president of business development for NRG eVgo in California. “The NRG eVgo Ready for Electric Vehicle program makes it easy for residents living in apartment communities to choose to drive an EV while eliminating operating costs, management and maintenance burdens for the property owner.”

Through the REV program, eVgo provides the charging equipment at no cost to an apartment property, handles everything from the initial site assessments to ongoing management and maintenance of the provided chargers, reimburses electricity consumed and provides affordable, easy to understand charging plans with 24 hour customer support to community residents. In addition, eVgo supplies REV-certified marketing materials, including the Ready for EV registered mark, for property management to promote the availability of the amenity to existing residents as well as to attract future tenants and EV drivers.

“Announcing the installation of electric car charging stations at 28 of our multifamily properties reinforces Sequoia’s dedication to sustainability while also providing our residents with cutting-edge amenities, service and convenience,” said Cynthia M. McSherry, Senior-Vice President Sequoia Equities Inc. “We saw the NRG eVgo Ready for EV program as way to address a need for current and future residents who choose to drive an electric car, while at the same time appealing to the cleantech movement that continues to grow in California.”

Headquartered in Walnut Creek, California, Sequoia specializes in property management administration of all multifamily types ranging from suburban garden-style, to urban high-rise, and college student housing. Their portfolio consists of more than 12,000 units and extends across four states on the West Coast.

The installation of EV charging at 28 Sequoia properties in California aligns with the state’s goal of 1.5 million zero-emission vehicles on its roadways by 2025. In addition, the availability of EV charging stations at multifamily communities makes electric car ownership and charging as easy for apartment residents as charging in the garage of a single family home. eVgo is building electric vehicle charging networks across the San Francisco Bay Area, San Joaquin Valley, Los Angeles Basin and San Diego Area. As the network is established, EV drivers will have access to hundreds of public fast-charging Freedom Station ® sites along with Level 2 charging stations at homes, offices, multi-family communities, schools and hospitals.

About Sequoia Equities, Inc.

Founded in 1986, Sequoia Equities, Inc. (SEI) is a privately held, real estate operator and advisor. With more than $2 billion in assets under management and over 300 employees, Sequoia attributes its success to a philosophy of establishing long-standing partnerships with our residents, investors, and team members. Sequoia has navigated decades of real estate markets with disciplined management, operational excellence and prudent investment principles.

About NRG eVgo

The NRG eVgo SM network gives electric vehicle (EV) owners new freedom and range confidence via home and workplace charging docks, plus a network of fast charging stations conveniently located at retailers along major transportation corridors within eVgo cities. Service plans offered by eVgo can provide EV owners a home charger and unlimited use of eVgo’s Freedom Station® sites – all for one low monthly fee. eVgo is a wholly owned subsidiary of NRG Energy, Inc., a Fortune 500 company at the forefront of changing how people think about, buy and use energy. Through eVgo, NRG will provide access to hundreds of public charging sites across California, Texas and the greater Washington, D.C., metropolitan area. To find out more, or to join the eVgo network, visit Connect with eVgo on Facebook and follow us on Twitter @nrgevgo.


Lisa Trapp


Carly Kade