Avenue Living Selects Elauwit to Deliver Managed WiFi Across 3 U.S. Communities in 3 States
The awards add 530 units to Elauwit's contracted growth and establish its first projects with Avenue Living.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Elauwit Connection (ELWT) has been selected by Avenue Living to build and support managed WiFi networks across three U.S. multifamily communities.
The awards cover 530 units at Hyde Park Flats in Cincinnati, Ohio; Blue Ridge Commons in Altoona, Iowa; and Garden Estates in Lexington, Kentucky. These existing properties will replace resident-by-resident retail internet with property-wide networks serving every unit. Construction is underway, with activation targeted for December 2026. These are Elauwit's first awards with Avenue Living, secured through a competitive selection process managed by ROVR.
Elauwit ended the second quarter of 2026 with 42,687 contracted units, up 33 percent year over year, and expects to exceed 50,000 before year-end.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointSecond-quarter 2026 contracted units reached 42,687, up 33 percent year over year.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Elauwit expects to exceed 50,000 contracted units before year-end 2026.
- Minor pointAvenue Living's first awards to Elauwit cover 530 units across three communities.
- Minor point. Forward-looking: it has not happened yet and may not happen.Network construction is underway, with activation targeted for December 2026.
Negative
- None.
Key Figures
- Awarded units
- 530 units
- Three communities across Ohio, Iowa and Kentucky
- Activation target
- December 2026
- Network construction is underway
- Contracted units
- 42,687 units
- At the end of Q2 2026
- Year-over-year contracted-unit growth
- 33%
- Reported with Q2 2026 results
- Year-end contracted-unit outlook
- Exceed 50,000 units
- Company expectation before year-end 2026
Historical Context
-
Prior comparable award covered 4,100+ units across 14 multifamily properties.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
wi-fi 6 technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Multi-community award brings property-wide connectivity and 24/7/365 human support to 500+ units in Ohio, Iowa and Kentucky
Columbia, South Carolina--(Newsfile Corp. - October 13, 2026) - Elauwit Connection, Inc. (NASDAQ: ELWT) ("Elauwit" or the "Company"), a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today announced it has been selected by Avenue Living, one of North America's largest private real estate owner-operators, to design, build, and support managed WiFi networks at three communities in the company's U.S. multifamily portfolio.
The awarded communities total 530 units across three states: Hyde Park Flats in Cincinnati, Ohio; Blue Ridge Commons in Altoona, Iowa; and Garden Estates in Lexington, Kentucky. Each community is an existing property that will transition from resident-by-resident retail internet to a single, property-wide managed network with universal service to every unit.
Elauwit was selected through a competitive request-for-proposal process managed by ROVR. Network construction is underway, with activation targeted for December 2026.
"Avenue Living manages more than 21,500 apartment homes across the North American heartland, and they evaluate every vendor on execution," said Dan McDonough, Executive Chairman of Elauwit Connection. "Winning three communities at once tells us our model is working for the exact kind of owner we built it for: disciplined, multi-market operators who want one accountable partner for the network and the resident experience. These first awards with an owner open the door to future opportunities across the owner's portfolio once they see how working with Elauwit can increase resident satisfaction and improve property financial returns."
Each community will receive a managed network built on Cambium Networks Wi-Fi 6 access points in every unit, common-area and outdoor amenity coverage, and Elauwit's 24/7/365 support center, where humans answer in under 35 seconds. Residents receive property-wide connectivity from move-in day with no installer appointments and no waiting on a router.
The three communities represent Elauwit's first awards with Avenue Living, which owns and operates apartment communities across 20 U.S. states. Elauwit looks forward to supporting Avenue Living as it continues to grow its U.S. portfolio.
The awards contribute to Elauwit's contracted unit growth in 2026. As reported in the Company's second quarter 2026 results, Elauwit ended the quarter with 42,687 contracted units, up 33 percent year over year, and expects to exceed 50,000 contracted units before year-end.
About Avenue Living
Avenue Living is a property owner-operator with over
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.
Visit: www.elauwit.com
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Company's future financial results, the Company's growth strategies and pipeline, and its performance as a public company. The words "anticipate," "believe," "can," "expect," "future," "opportunities," "potential," "will," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company's ability to improve its financial performance and achieve its growth objectives, and other factors set forth in the Company's filings with the SEC, including the Company's Annual Report on Form 10-K filed with the SEC on March 31, 2026 and subsequent quarterly reports on Form 10-Q. Actual results might differ materially from those explicit or implicit in the forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
Contacts
For Media:
Elauwit Connection Inc.
Katie Hayward, VP RevOps
+1-704-558-3099
sales-pr@elauwit.com
For Investors:
Darrow Associates
Matt Kreps, Managing Director
+1-214-597-8200
mkreps@darrowir.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318544
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