rooftops with immaculate views of the LA skyline
These five new properties, plus the new co-living ones in Seattle and Philadelphia, bring Tripalink to a total of 1,200 new bed spaces in Q1. About 20% of them are co-living spaces. By the end of this year, Tripalink foresees an increase of over 5,000 beds nationally.
Tripalink diversifies its portfolio by operating more traditional apartments, transiting to a residential brand favored by younger generations from a pure co-living company. Their main focus of expansion is in the traditional apartment marketspace in addition to co-living apartments; this transition to include traditional apartments in their management portfolio has helped them grow exponentially in 2021 despite the pandemic. We ve seen many of the existing traditional apartments have a potential to be partially converted into co-living units, said Donghao Li, the CEO of the company. We started operating traditional apartments for two reasons. First, traditional