Identified by Brokerage Cushman & Wakefield as a top trend to watch, the concept of co- living and coworking along with co- everything is expected to be a hit in 2019. Ralph Winter office is set to invest $300 million over the next three years to develop 1300 units of Medici’s Quarters brand of shared housing for young professionals, expecting to cash on the trend.
Medici Living expects its brand Quarters to be one of the top USA shared living operators and is till date the largest single investment in the U.S. for the shared- living operators.
As the young people have been priced out of housing markets in major cities and have only tiny apartments in their price range, they are opting and accepting for co- living.
Ralph Winter’s, Corestate Capital Holding SA, is also setting up to invest $1.14 billion to add 6000 rooms over the next three to five years Medici Living’s European portfolio.
About Medici Living
Founded in 2012, Medici Living develops and operates an online co-living booking platform and does not offer any accommodation to users directly. Based in Berlin, Germany with additional offices in New York, Medici Living rents private, furnished bedroom and share common areas, such as kitchens, lounges, and other facilities, which includes a gym, spa, garden, and cinema.
About Corestate Capital Holding SA
Founded in 2006, Corestate Capital Holding SA is a real estate investment firm specializing in investments in small to medium sized residential portfolios and commercial real estate markets. Headquartered in Luxembourg, Corestate Capital Holding SA seeks to invest in an “anti-cyclical” manner in Europe and expand its club-style deals from purely opportunistic to core-plus and value-add investments.