When California decided that 2035 would be the end of new fossil fuel car sales in the state, it was clear that multifamily owners had to get chummy with chargers.

That's going to be true from virtually every multifamily owner, owner, and investor. If automobile traffic is to be electric, they had best plug in somewhere.

UBS Asset Management already seems to be on its way as two different announcements from apparently separate companies note that they'll be providing charging stations to UBS Asset Management's Real Estate & Private Markets.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.