One of the largest co-living companies in the U.S. is merging with a European peer to create one of the world’s largest providers of shared apartments for young professionals.
New York-based Common manages more than 4,000 apartments in the U.S., while Berlin-based Habyt operates around 7,000 apartments in Europe and Asia. The combined company will be based in the German capital under the name Habyt Group. Habyt co-founder Luca Bovone will serve as chief executive, the companies said. Financial terms of the merger weren’t disclosed.
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