Elauwit Connection Announces 14 New Projects for 4,100+ Units with Two Large Multifamily REITs

Elauwit Connection, Inc., a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today announced that it has secured awards for 14 additional multi-family communities totaling more than 4,100 units in Arkansas, Georgia, Oklahoma, Texas and Virginia.

The award covers properties owned by two industry-leading multifamily real estate investment trusts (REITs). Combined, these REITs own hundreds of communities and hundreds of thousands of units across multiple states and the District of Columbia.

"We are excited to announce the continued expansion of our business, this time through multi-property awards with two industry leading REITs, both known as premier multifamily community owners in North America," said Dan McDonough, Executive Chairman. "We believe these awards reflect a growing interest among larger property managers in owning their own networks, and the economic benefits that go with them, while relying on managed service providers such as Elauwit to ensure top-tier service and performance."

"In particular, the owners behind these most recent awards have demonstrated a commitment to providing a top-tier resident experience that aligns to the premium nature of the properties. As part of that commitment, they have focused on managed WiFi solutions that can offer outstanding speed, excellent customer support and lower cost to residents."

Elauwit expects to commence construction on the first of these projects promptly, with anticipated completion of all properties on this award by the end of 2026.

About Elauwit Connection (NASDAQ: ELWT)

Elauwit is a publicly traded connectivity MSP dedicated to rental communities, including multifamily properties, student housing, and senior living. Elauwit designs, builds, and operates managed networks, backed by a service model that treats property teams and residents like a relationship, not an account number.

With dependable connections, exceptional resident support, and no-upfront-cost options, Elauwit helps owners deliver premium connectivity as a competitive advantage, supporting new revenue, resident retention and increased asset value.