Real estate technology firm Outpost Club is now operating three additional co-living houses in San Francisco, only weeks after the company opened its first location there.
The co-living spaces provide affordable accommodation and all-inclusive services to 43 members in the SoMa, Lakeview and Nob Hill neighborhoods, bringing Outpost’s total membership to 273 across 15 houses in San Francisco and New York.
Outpost CEO Sergii Starostin said the co-living company is on its way to reaching its initial goal of opening 250 affordable units in the city, making it easier than ever for young professionals, interns and post-graduates to find housing in one of the country’s most competitive markets.
“We’re excited that we’ve been able to move quickly to bring San Franciscans quality, flexible housing at affordable rates, while maintaining a high standard of service and building strong communities,” said Starostin.
Outpost works with HelloRented, a rental platform that partners with landlords and property managers to reduce bad debt while increasing qualified tenant occupancy. Founder and serial entrepreneur Jeremy Esekow envisions the company to be a tech-first alternative to security deposits, which protects all residents, landlords and brokers, rather than a replacement.
“We understand how stressful it can be to find safe, flexible housing that meets the needs of someone just starting out on their own,” said Starostin. “We’re confident our model provides a solution to this challenge, and we look forward to working with investors who feel the same way.”
Outpost Club, one of New York’s leading co-living operators with 15 houses and more than 270 members, operates in the $600 billion U.S. rental market.
