Common Taking Over Thousands Of Units From Other Co-Living Operators

The co-living market struggled last year as the coronavirus pandemic pushed people toward more spacious homes, with at least one operator going bankrupt, so the largest co-living operator is using it as an opportunity to grow. 
Over the last 12 months, Common has taken over more than 2,000 units from other property managers, and it plans to take over at least 1,500 more units the next year, Common Senior Managing Director of Real Estate Amalia Paliobeis told Bisnow. 
These units are a mix of traditional apartments and co-living bedrooms, which Common defines as individual units even if they share common areas with other bedrooms. Of the units it took over in the last 12 months, 1,668…

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