Quarters, a co-living provider in Europe and the United States, has created a $300 million investment agreement for a major expansion in the United States.
The initiative is considered the largest single investment in co-living in the United States, claimed the firm in its press release. The investment follows the company’s recent $1 billion ($1.1 billion) fundraise for the expansion of its European portfolio.
Under the new, record-breaking deal, Quarters’ parent company, Medici Living Group, and Ralph Winter’s family office, W5 Group, have jointly agreed to invest $300 million over the next three years, developing 1,300 units across the United States. The deal is a prelude to additional capital anticipated for growth in the U.S. market.
“The concept of co-living is perfectly tailored to the needs and desires of millennials, the most important demographic group over the next decade, so we anticipate rapid growth in the coming years. Now is the best time
