Quarters
Master Lease / Development
Overview
Quarters (by Medici Living Group) built one of the largest coliving portfolios in Europe and expanded into the United States, operating thousands of beds across Berlin, New York, Chicago, and other major cities. Founded in Berlin in 2012, Quarters positioned itself as urban coliving for professionals who wanted the convenience of all-inclusive living in prime city locations.
Quarters' model focused on converting commercial and residential buildings in central urban locations into efficiently designed coliving spaces. Each property featured private rooms with shared kitchens, living areas, and amenities such as gyms, rooftop terraces, and community lounges.
The company's parent entity, Medici Living Group, raised over $1 billion in project financing, making it one of the most well-funded coliving ventures globally. This institutional backing enabled Quarters to secure prime urban real estate and invest in high-quality renovations that established coliving as a legitimate institutional asset class.
3,000+
Total Beds
2012
Founded
Large-Scale
Category
Germany / USA
Location
The Challenge
Scaling coliving across two continents with different regulatory frameworks, cultural expectations, and housing market dynamics required a highly adaptable operational model. German tenant protection laws, New York's complex building codes, and varying zoning regulations across US cities each presented unique challenges.
Quarters also needed to prove the coliving model's viability to institutional investors, demonstrating that professionally managed shared living could deliver stable, risk-adjusted returns comparable to established real estate asset classes.
The Solution
Quarters developed a flexible operational framework that could adapt to local regulations while maintaining global brand standards. Their design team created adaptable room and common area templates that could be deployed across different building types and regulatory environments.
The company leveraged its institutional backing to secure long-term master leases on prime urban properties, negotiating favorable terms that provided the occupancy cost stability needed for profitable operations. A centralized technology platform managed bookings, operations, and community across all locations.
Quarters' marketing strategy targeted young professionals through digital channels, corporate housing partnerships, and relocation services. Their all-inclusive pricing (rent, utilities, WiFi, cleaning, community events) simplified the value proposition and enabled direct comparison with traditional rental alternatives.
The Results
3,000+
Total Beds
Beds managed across Germany and the United States through master lease and development deals.
$1B+
Project Financing
Total project financing raised through Medici Living Group, establishing institutional credibility.
5+
Cities
Major cities across two continents, demonstrating cross-border scalability.
30-40% above
Revenue Per Sqm
Revenue per square meter premium over traditional residential in the same locations.
90% in 6 months
Occupancy Ramp-Up
Typical time to reach stabilized occupancy at new properties through established channels.
Key Takeaways
Institutional-scale financing enables coliving operators to secure prime urban real estate and invest in quality renovations that establish market credibility.
Cross-border coliving expansion requires locally adapted operations within a globally consistent brand framework.
Demonstrating stable, risk-adjusted returns is key to attracting institutional investors and establishing coliving as a recognized asset class.
Corporate housing partnerships and relocation services provide reliable demand channels for urban coliving at scale.
All-inclusive pricing simplifies the value proposition for residents and enables favorable comparison against fragmented traditional rental costs.
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