合居帝国Common Living以第七章清算告终

做的是什么生意

Common Living operates co-living buildings: it signs management agreements with landlords or runs its own properties, then rents furnished private bedrooms inside shared apartments instead of whole units.

启动资金：At least $136M in venture funding by the end of 2022 per Bisnow (Urban Living News put the total at $113M across several rounds), with investors including Kinnevik, Maveron and LeFrak.

起因

Brad Hargreaves founded Common in New York in 2015, helping pioneer the co-living model: leasing individual bedrooms in shared, furnished apartments rather than whole units, marketed as cheaper rent plus community.

经过

Between 2020 and 2022 Common expanded its portfolio from about 2,000 to 7,000 units, largely by taking over failed co-living companies — including the June 2021 Starcity deal that added roughly 1,000 units across California, New York and Barcelona. Hargreaves stepped down as CEO in August 2022 and was replaced by Karlene Holloman. In January 2023 Common merged with Berlin-based Habyt, which operated in Europe and Asia; Habyt became the parent and the combined group claimed more than 30,000 units across 40 cities.

结果

Common Living filed for Chapter 7 liquidation in the U.S. Bankruptcy Court for the District of Delaware on 31 May 2024, estimating assets of $1M–$10M against liabilities of $10M–$50M and at least 200 creditors. Operations were suspended immediately; Habyt CEO Luca Bovone said the closure would make the rest of the Habyt group 'more financially agile' and profitable.

可借鉴之处

购买增长买不来时间：Common达到7000间房并跨大西洋合并，却从未盈利，利率和成本上升时，所需流动性已经耗尽。