Type | Private |
---|---|
Industry | Real estate |
Founded | 2015New York City | in
Founder | Brad Hargreaves |
Headquarters | , United States |
Website | common |
Common is an American coliving company founded in 2015 and headquartered in New York City. Brad Hargreaves is the company's CEO and founder. As of June 2020, Common manages 48 multifamily buildings in nine cities across the U.S.: New York, Jersey City, Los Angeles, San Francisco, Chicago, Washington, D.C., Seattle, Philadelphia, and Fort Lauderdale. [1] The company has plans to expand to 22 cities across the globe, and has 15,000 beds signed and under development. [2]
In March 2019, Common partnered with New York real-estate developer Tishman Speyer to launch the brand Kin, whose "buildings will feature playrooms, family-size units and on-demand child care through an internal mobile app that also helps connect families looking to share nannies and babysitters." [3] In May 2020, Common announced the launch of Noah, a workforce housing brand. Noah operates “Class B and C multifamily buildings where renters earn 40 percent to 80 percent of the area median income” and as of March 2020, is operating “500 units over five properties in Hampton Roads and Winchester, Virginia.” [4]
From 2015 to 2017, Common raised $63.35 million in funding. The latest Series C funding round led by Norwest Venture Partners raised $40 million. [5]
Emaar Properties is an Emirati multinational real estate development company located in the United Arab Emirates. It is a public joint-stock company, listed on the Dubai Financial Market, and has a valuation of US$16.8 billion as of August 2023 against the Net Asset Valuation of US$37.6 billion as of December 2022 based on the valuation of assets done by third party valuer. With six business segments and 60 active companies, Emaar has collective presence in 36 markets across the Middle East, North Africa, Asia, Europe and North America.
David Lichtenstein is an American billionaire, entrepreneur, and real estate investor. He is the founder and CEO of The Lightstone Group, which he founded in 1988.
Jorge M. Pérez is an Argentine-American businessman, investor, philanthropist, and writer. He is best known as the chairman and CEO of The Related Group, a Miami-based real estate company that has been well known for building and operating affordable and luxury multifamily apartments across the United States and internationally. He is ranked 316th on the Forbes 400 list with a net worth of US$ 2.6 billion as of October 2018, and 1,833rd on Forbes Billionaires list with US$1.7 billion as of November 2021.
The Lightstone Group is a privately held real estate investment company which owns and operates a diversified portfolio of multifamily, office, industrial, hotel, and retail properties. Lightstone has invested directly in individual real estate assets and in real estate operating companies. The company was founded by David Lichtenstein in 1988.
Crow Holdings is a privately owned real estate investment and development firm based in Dallas, Texas, US, which has been operating since 1948. Originally founded by Trammell Crow, the firm was expanded under the direction of his son, Harlan Crow, chairman and former CEO. As of 2018, the company employed 450 people through its operating businesses in locations throughout the US. As of 2020, Crow Holdings managed $19.6 billion.
Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.
Rubin "Rubie" Schron is a New York City real estate investor, philanthropist, Torah scholar, and the founder of Cammeby's International Group. Founded in 1967, Cammeby's portfolio includes office buildings; market-rate and government-subsidized apartment complexes; nursing homes, the 16-building complex in Sunset Park now known as Industry City; a stake in the bottom half of the Woolworth Building; and industrial properties across Long Island. In 2013, Schron made an unsuccessful offer to buy the Empire State Building for $2 billion. In 2003, an investment group led by Schron paid $705.6 million for a portfolio of about 6,000 outer-borough apartments from Donald Trump. Other buildings he owns include the Monterey, a 521-unit rental multifamily building on Manhattan's Upper East Side; over the decades, Schron has also amassed a portfolio of Mitchell-Lama apartment buildings whose values have been skyrocketing to record values, after reverting to market rates when government subsidies expired. In 2007, he sold nearly 4,000 units of former Mitchell-Lama properties in five complexes in Harlem and on Roosevelt Island for $940 million. Schron, who practices Orthodox Judaism, has eight children and 50 grandchildren. He and his family reside in Brooklyn.
Kushner Real Estate Group, also known as the KRE Group is an American real estate development company based in Bridgewater, New Jersey. The company has developed, owns, and manages properties throughout New Jersey, New York, and Pennsylvania, including more than 6,000,000 square feet of commercial industrial, and retail property, and more than 9,000 existing apartments, with an additional 7,000 apartments in various stages of approvals and construction. The company controls more than 6 million square feet of commercial industrial, and retail property, and more than 9,000 apartments.
Fundrise is a Washington, D.C.-based financial technology company founded in 2010 that operates an online investment platform. Fundrise has been labeled as the first company to successfully crowdfund investment into the real estate market.
Arthur Falcone is an American real estate developer and chief executive officer and chairman of Falcone Group, a real estate and land development organization located in Boca Raton, Florida. He is known for commercial, residential and mixed-use projects and for his philanthropy to aspiring entrepreneurs.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops, minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, buildings or housing in general. In terms of law, real relates to land property and is different from personal property while estate means the "interest" a person has in that land property.
Brookfield Property Partners L.P. is a global commercial real estate firm that is a publicly traded limited partnership and a subsidiary of Brookfield Asset Management, an alternative asset management company. Its portfolio includes properties in the office, multi-family residential, retail, hospitality, and logistics industries throughout North America, Europe, and Australia. Its subsidiary Brookfield Properties is responsible for the management of these facilities.
Yoel Goldman is an American real estate developer who founded the Brooklyn, New York-based development company, All Year Management.
Pan Am Equities is a real estate company owned by the Manocherian family that develops and operates real estate properties, along with its sister company Manocherian Brothers
Frasers Property is a Singaporean multinational real estate and property management company that develops, owns, and manages properties across the globe. It owns and manages properties in the commercial, residential, hospitality, retail, and industrial and logistics sectors. Headquartered in Singapore, it trades on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST). It also sponsors real estate investment trusts (REITs), including one stapled trust, two of which are also listed on the SGX-ST.
Peebles Corporation is a privately held real estate investment and development company. Headquartered in Miami Beach, with offices in New York and Washington, DC, the company was founded by Roy Donahue Peebles in 1983. The company specializes in residential, hospitality, retail, and mixed-use commercial properties, with a focus on public-private partnerships.
TruAmerica Multifamily is a Los Angeles-based multifamily investment firm that specializes in the acquisition and renovation of large class B apartment properties across the United States. Since its founding in 2013 by real estate investor Robert E. Hart, the company has acquired and/or asset manages a portfolio of more than 55,000 apartment units valued at roughly $16.1 billion.
Greystar Real Estate Partners is an international real estate developer and manager based in the United States. As of 2023, Greystar had over $74 billion in gross assets under management, and operated in 17 countries.
Tricon Residential is a Canadian real estate company. The company invests in single-family rental and multi-family rental homes, and owns about 31,000 properties across the United States and Canada. As of February 2021, the company had about $8.2 billion of assets under management.
LaTerra Development is a Los Angeles based real estate development and investment company. The firm develops and invests in real estate projects mainly in and around California.