Building housing for today’s workforce

A person today is
40%
less likely to move from the city to the suburbs in their first decade out of college than 20 years ago
Rent increased by
12%
nationwide, while take-home income has declined by 7% since 2000
Over
25
M
Americans live with roommates, a 20% increase since 2005
More Americans than ever are living with roommates. Common is building a better shared housing experience, improving our members' lives while producing higher real estate returns.

Achieve higher returns.

By building for an underserved market, our partners are able to achieve higher real estate returns while offering renters a better experience.

Annual yield up to
250
bps above market

Common homes typically achieve significantly above market yield on an annual cash-on-cash basis.

This is the result of hands-on property management, technology and the power of the Common brand.

Construction costs
10-15%
decrease

Working with Common’s award-winning design team can shorten the pre-construction phase and save meaningful dollars.

Actual construction budgets may be reduced by smaller number of bathrooms and kitchens, compared to traditional multi-family.

Applications
1000
per week

Huge demand enables Common to maintain occupancy levels between 98-100%. We also achieve higher leasing velocity and turnover that is 15-20% below the broader residential market.

All of this means increased revenue and higher operating margins.

Aligned incentives
100%
threshold NOI to owner

Common’s management agreements utilize a waterfall structure, which allocates 100% of NOI to the owner until market returns are achieved.

Above this level, owners participate meaningfully in the additional cash flow generated by coliving.

Unparalleled property management

We are a full-service property management firm. Yes, we build community, but we also fix the toilets.

3D and video property tours

3D and video property tours

Potential and current members can tour all of our homes through 360 and video tours, reducing onsite lease up expenses.

Lease execution online

Lease execution online

Members seamlessly execute their leases online, without the need for paperwork or in-office meetings.

Online support

Online support

Member support services provides 24/7 online support to handle issues from repairs and maintenance to property access, restocking shared goods, and billing questions.

Community management

Member experience

We provide many benefits to our members, from offering discounts to over 150 partners to a private messaging app that allows members to interact with each other, plans events, and grow community.

Significantly lower turnover

Significantly lower turnover

We maintain a robust waitlist of people interested in living in Common. This reduces vacancy and lowers turnover marketing expenses.

Proprietary marketing

Proprietary marketing

We reach a broader potential tenant base through Common’s proprietary marketing channels, and receiver over 1000 new applications a week to our homes.

What we do

Common is a property management company that enters into long-term management agreements with real estate developers and investors to operate their properties.

We handle everything from leasing and rent collection to repairs and maintenance, taxes, and reporting.

Redevelopment

Redevelopment

Adaptive re-use

Adaptive re-use

Ground-up development

Ground-up development

Placemaking

Placemaking

Neighborhood properties

Neighborhood properties

High-rise urban properties

High-rise urban properties

In the news

  • “This Brooklyn co-living space is smarter than NYC’s own plan to fix its housing crisis.”

  • “Common will transform residential housing by creating a brand that is 'emotionally and culturally resonant with millennials' who aren’t served by some aspects of apartment living.”

  • “Common is the most advanced of the new breed of co-living startups.”

  • US News & World Report
  • Bedford Bowery
  • The New Yorker
  • TechCrunch
  • Business Insider
  • CNN
  • Gizmodo
  • Fast Company
  • New York Times
  • US News & World Report
  • Bedford Bowery
  • The New Yorker
  • TechCrunch
  • Business Insider
  • CNN
  • Gizmodo
  • Fast Company
  • New York Times

Get in touch

Fill out this form and someone from the Common real estate team will be in touch shortly.