largest cohabitation company in Europe When AsiaWhen North American The largest co-living companies are merging into a deal aimed at revolutionizing the way we live and work
New York, January 10, 2023 /PR Newswire/ — Havitethe largest co-living operator Europe When AsiaWhen Generalthe largest co-living operator North Americatoday announced a merger to create the world’s leading co-living company. The combined entity will bring to life the next generation of living concepts that work around the world. With a presence in over 40 cities and 14 countries across three continents, the combined entity operates over 30,000 units in a variety of co-living, studio and traditional rental apartments.
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“This larger combined footprint makes sense for both residents and real estate partners, creating the first truly global co-living operator. No one has done this well outside of the United States, with features.” Brad Hargreaves, Founder and Chairman of Common. “By merging, we are creating an international co-living network, now sought after by more and more renters.”
“The merger made perfect sense for both companies. Habyt didn’t have a North American presence, and Common didn’t have a North American presence. Europe,” Said Luca Bobone, founder and CEO of Habyt. “Our new integrated resource provides a fully digital and easy solution for accessing rental properties around the world, which has historically been driven by endless paperwork and bureaucracy. It’s been disconnected.”
Both Common and Habyt expect their business to triple in 2022 and double in 2023. With this merger, the combined company aims to become profitable during his 2023. Common is a residential brand that creates a better kind of multifamily housing.Through innovations in technology, design and operations, $110 million In venture capital investments, Common will provide renters with an outstanding experience in more than 10 major U.S. cities The combined Habyt Group will continue to be led by Habyt’s CEO Luca Bobonewas founded in 2017 with the backing of leading global investors including P101, Vorwerk Ventures, DI Capital Solutions, Sequoia and Mitsubishi. Berlin, Germany.
“Common’s mission is to bring about positive, resourceful change to the housing industry where housing is a major challenge for so many. Carleen Holloman, CEO of Common and future CEO of Habyt Group North America. “This merger creates a global platform for redefining living experiences around the world.”
CenterCap Group acted as exclusive financial advisor to Common Living in connection with this transaction.
About Common
Common is a residential brand that creates a better kind of multifamily manager through innovation in technology, design and operations. Common offers an exceptional experience to renters in 12 cities and his 7,000 units of co-living, micro-units, and traditional apartments. They are the preferred choice for both residents looking for a stress-free, inclusive living environment from a trusted brand, and property owners looking for a reliable market or above return. Common platforms also include employee housing management brand Noah and Family First operator Millie. Over 22,000 units signed, in development or more $110 million In venture capital investments, Common has expanded to 22 cities around the world.To work with us visit us partner page Or follow us on Instagram at @.common life.
About Havite Group
Habyt is a fast-growing global co-living company on a mission to provide the best home experience for everyone, anywhere. The company has set itself the mission of providing the best residential experience for customers around the world through good design, diverse communities, advanced digitization and simplicity. Habyt in his 2017 Luca Bobonewas an early employee of Dropbox Europe and is now present in 24 cities in 12 countries. Habyt’s technology-enabled experience allows customers to access services at the touch of a button and easily travel between countries without hassle. Today Habyt worldwide he manages over 10,000 units and supports 15,000 customers each year. Total Capital Raised by Habyt Exceeds US Dollar $50 million From investors including Burda Principal Investments, Sequoia Capital, HV Capital, P101, Picus, Vorwerk Ventures and Inveready. For more information, please visit www.habyt.com.
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