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Common Takes Off in LA, Triples Management Pipeline
As it plans to manage $300MM of real estate in LA by the end of 2021, Common bets big on the resurgence of cities
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LOS ANGELES, May 7, 2021 /PRNewswire/
Common, the nation s leading residential brand that designs, leases, and manages multifamily properties that appeal to today s renters, today revealed that Los Angeles will become its biggest market in the US. Between now and the end of 2021, the company will open 1,125 units throughout Los Angeles starting with 5800 Harold by Common in Hollywood, Common Beverly in Hancock Park and Common Paramount in Hollywood. In addition to its 2021 pipeline, Common has 1,800 units under development in the Los Angeles area set to open through 2024. Having delivered a strong leasing and operating track record at its existing LA portfolio despite COVID-19, Common s expansion marks their continued growth and commitment to both elevating apartment living a
W5 Group Selects Common to Operate 239 Co-living Units at i5 Union Market in Washington, D.C.
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i5 Union Market i5 Union Market offers residents the ultimate renter experience, while Common’s strong management team and deep knowledge of the D.C. market will elevate the building’s community-oriented approach to the next level. - Raphael Sidelsky, W5 Group WASHINGTON (PRWEB) April 16, 2021
W5 Group, the single-family investment office of real estate entrepreneur Ralph Winter, is pleased to announce it has appointed leading residential brand Common as the operator of i5 Union Market’s 239 co-living units.
i5 Union Market, the newly constructed flagship residential building located at 320 Florida NE in the heart of Washington, D.C.’s burgeoning Union Market neighborhood, comprises a mix of conventional and co-living residential units that together form a highly amenitized, dynamic environment.