Biggest Elvis: A Novel

HABYT AND COMMON MERGE TO BECOME THE LEADING GLOBAL CO-LIVING OPERATOR

Retrieved on: 
Tuesday, January 10, 2023

NEW YORK, Jan. 10, 2023 /PRNewswire/ -- Habyt, the biggest co-living operator in Europe and Asia, and Common, the largest co-living operator in North America, announced today a merger to create the leading global co-living company. The combined entity brings to life a next generation of living concepts operating worldwide. With locations in over 40 cities and 14 countries, across three continents, the combined entity will operate over 30,000 units that vary from co-living, studios and traditional rental apartments.

Key Points: 
  • "This larger combined footprint makes sense for both residents and real estate partners alike and creates the first truly global co-living operator.
  • And there's no one doing this better outside the US, with like-minded values and digital capabilities, than Habyt," said Brad Hargreaves, Founder and Chairman at Common.
  • "The merger makes perfect sense for both companies - Habyt had no North American presence and Common had none in Europe," said Luca Bovone, Founder and CEO of Habyt.
  • Both Common and Habyt have seen their businesses grow three-fold in 2022 and both companies anticipate their businesses doubling in 2023.