What is coliving?

Coliving is comprised of high-density apartments (usually 3 or more bedrooms) where individuals get their own private room – and share a kitchen, living room, bathrooms, and amenity spaces with their suitemates.

A replacement for a studio apartment – one that offers renters access to quality rental product with:

Better affordability and value
Active, engaging, andimmediate community
Tech-enabled homes
On-demand customerservice
Geographic flexibility

Conventional

Traditional Unit

Studios, 1, 2 bedrooms

$40 / Resi GSF
700 / NSF/BED

Coliving

Shared Suite

3 - 6 bedrooms

$60 / Resi GSF
300 / NSF/BED

+41%
Building an Asset Class

As coliving becomes more accepted and institutionalized, we expect cap rates to compress over the next 5-7 years.  Other asset classes adjacent to multifamily - student housing, senior housing, self storage - compressed 300+ bps over 10 years.

Cap rates compression across different asset classes

Coliving Demographics

Well-educated professionals, new to your city.

Median Age
29
Median Income
$60,000 - $80,000
Diversity
Members hail from 27different countries. 32% were born abroad
Education
88% are college graduates
Mobility
66% are new to their city
Job Location
82% of members workin a physical office
Scaling to Meet Demand

Geographically, coliving communities are largely concentrated in the large and expensive ‘gateway’ markets such as New York City, Los Angeles, San Francisco, Washington, D.C. and Chicago. Expansion plans include other coastal markets as well as secondary cities like Atlanta, Austin and Denver, to name a few. Within metro areas, co-living properties are predominantly located in the trendy central neighborhoods, which appeal to younger professionals.

Coliving Operating Platform
Leasing + Marketing
Repairs + Maintenance
Financial Reporting
Member Support
Community Management

Monthly New Membership Applications

View Our Properties