Six Peak has engaged Common as its coliving operator and as such Six Peak enjoys a competitive edge in management fees and optimized returns.
Common is a tech-enabled, community-focused residential property manager working with real estate partners to operate traditional apartments and coliving suites; Common currently manages 30 buildings across New York City, Chicago, San Francisco, Oakland, Seattle, Los Angeles, and Washington, D.C. at a 98% occupancy rate and 850+ members.
Operator Strategic Advantages:
- Singular focus on operations-side of coliving, enabling an asset light model that enables scalability
- Founded in 2015, Common has a distinct first mover advantage over competing operators who were founded later or came from overseas
- Leadership and Management team with a wealth of startup, CRE, marketing and design experience
- Vetted against all other major US coliving operators
DEVELOPER PARTNERS
Six Peak co-invests with a local developer in specified markets. Essentially becoming co-GP’s with local developers who bring expertise on building codes, construction type and methods and design layout. Successfully partnering with known developers with long, successful track records in Seattle, Los Angeles, New York City and Chicago, Six Peak has been able to scale nationally, becoming the market leader in delivering purpose-built coliving projects. Currently, Six Peak has 21 coliving projects either under contract or under construction totaling nearly 1,500 beds.
DEVELOPER PARTNER PROFILE
Six Peak’s development partners have deep experience in their local markets and have demonstrated market-leading project delivery expertise.
The structure of our investments are designed to both create an alignment of interests and concurrently incentivize performance at the property level with our operating partner Common.
Our development partners secure and deliver projects in major metropolitan areas and have a deep understanding of the micro factors in their regions, which ultimately helps Six Peak Capital to construct a geographically diverse portfolio driven and supported by market leading research and data analytics.
For More Information, Please Contact:
developers@sixpeakcapital.com
