Year in review

2019

Common achieved a year of unprecedented portfolio growth, demonstrating the strength of our brand, our business model, and our vision for the future of city living. We invite you to explore select highlights from our year below.

6

Open markets

1,208

Open beds

36

Open buildings

20

Signed markets

14,200

Signed beds

160+

Signed buildings

Our markets


Atlanta, GA
Signed homes3
Signed beds580
Baltimore, MD
Signed homes1
Signed beds321
Boston, MA
Signed homes2
Signed beds409
Chicago, IL
Signed homes12
Signed beds1342
Denver, CO
Signed homes1
Signed beds248
Detroit, MI
Signed homes1
Signed beds578
Los Angeles, CA
Signed homes27
Signed beds1907
Miami, FL
Signed homes7
Signed beds1822
Northern New Jersey
Signed homes3
Signed beds192
New Orleans, LA
Signed homes1
Signed beds218
New York, NY
Signed homes46
Signed beds1902
Ottawa, ON
Signed homes1
Signed beds319
Portland, OR
Signed homes1
Signed beds93
Philadelphia, PA
Signed homes5
Signed beds467
Pittsburgh, PA
Signed homes1
Signed beds43
Seattle, WA
Signed homes12
Signed beds991
San Francisco, CA
Signed homes10
Signed beds455
Hampton, VA
Signed homes9
Signed beds805
Washinton, DC
Signed homes18
Signed beds900

Highlights


Common announced as winner of ShareNYC

Common announced as winner of ShareNYC

The City of New York selected Common and L+M Development as the winners of ShareNYC: the NYC Department of Housing Preservation and Development’s competition to bring more affordable housing to the city through coliving. The winning project, Common Roosevelt, speaks to the core of Common’s mission and the ethos of coliving. We’re looking forward to working with the NYC HPD, in addition to cities across the country, to provide an innovative, affordable solution to the housing crisis.

First international expansion

First international expansion

Common announced its first international expansion in partnership with Dream Unlimited Corp. (TSX:DRM). Dream is one of Canada’s leading real estate companies with $15 billion of assets under management in North America and Europe and a 20+ year history as a successful developer. The 24-story, 252-bed building, named Common Zibi, will be located along the Ottawa River as part of Dream’s Zibi redevelopment project in Ottawa and Gatineau.

Two sold-out Coliving Summits

Two sold-out Coliving Summits

Common hosted nearly 600 leaders from the worlds of real estate, investments, lending, and design. Rob Speyer (President + CEO of Tishman Speyer) and Scott Miller (former President of Hyatt Hotels) headlined as our keynote speakers. We discussed the affordability crisis, the importance of density-driven design, the keys to financing non-traditional developments, and the future of coliving. After the success of this event in both New York and Los Angeles, Common is planning a 2020 summit in Miami.

Renters have been excited about coliving for years, and in 2019 institutional real estate began to catch up. We are ending the year with over 14,000 beds signed and under development, more than a 3X increase year-over-year.

Equity investors, debt providers, and local governments are increasingly viewing coliving as a differentiated rental product providing high-quality, attainable housing in major urban centers.

Brad Hargreaves

Founder & CEO

2019

Performance
highlights

154

Rental inquires per open unit

15,000+

Monthly rental inquiries

98%

Portfolio-wide occupancy

115

Average beds per deal

39%

Percentage of partners who undertook multiple projects w/ Common

3.5

Average days to fill vacancy

Latest press


New talent

Kent Turner

Kent Turner

Architecture Studio Director

Prior to Common, Kent held several senior architectural positions, including Director of Operations at Perkins & Will and STV Inc.

Lyndsey Haskins

Lyndsey Hankins

Senior Director, Real Estate Underwriting

Prior to Common, Lyndsey held senior property management and FP&A roles at Related, Greystar, and Campus Apartments.

Cj Cintron

CJ Cintron

Senior Manager, Property Services

Prior to Common, CJ was a Community Manager at Greystar. She also ran various teams at Windsor Leasing Management.

Purpose-built development
projects on the horizon

Addams

Chicago, IL

220 Beds

Englewood

Atlanta, GA

345 Beds

Grove

Miami, FL

528 Beds

Allbright

Boston, MA

258 Beds

Roosevelt

New York, NY

253 Beds

Zibi

Ottawa, ON

252 Beds

Onwards to

2020