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𝗖𝗼-𝗟𝗶𝘃𝗶𝗻𝗴 𝗧𝗼 𝗘𝗺𝗲𝗿𝗴𝗲 𝗔𝘀 𝗔 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗧𝗼 𝗨𝗻𝘀𝗼𝗹𝗱 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗜𝗻 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗔𝗺𝗶𝗱𝘀𝘁 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 𝗖𝗿𝗶𝘀𝗶𝘀 (2/3)
A JIL report has pointed out that developers are looking to monetize their unsold assets by offering it to co-living operators. This will not only increase the revenue sharing opportunities between the two but will also reduce the burden of unsold inventories. If real estate players can reach an agreement with co-living operators, this will be a win-win situation for both developers and co-living players.
“Managed Living offers developers the potential to earn higher yields/income on their assets as opposed to alternative options on account of efficient space utilization, structural vacancy elimination, and ease of service bundling. A stable managed living asset can provide a 2X+ uplift on the rental yields to the landlords and developers. Collaboration between developers and managed living players in this space creates a win-win situation for both entities and is a lucrative option to deploy inventory. Developers, today, are looking to partner with high-quality, well-capitalized managed living players who have a proven track record of successfully operating properties across years and markets in this business - track record of value creation and zero defaults are absolutely a must-have. Managed Living provides better use of space as compared to traditional units and has emerged as a sought-after option for the migrant millennial community, as it allows a perfect balance of privacy and seamless living,” Anindya Dutta, Managing Director & Co-Founder, Stanza Living, said.
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Designed by Virginia San Fratello and Ronald Rael, The Involute Wall is a prototype for thermal mass and acoustic dampening in a massive 3D printed sand structure. The involuted surfaces reduce resonance in the room, by absorption and redirection of sound waves. The massive 600lb 3D sand print presents the opportunity for surfaces to serve as thermal mass while keeping much of the wall in shade-ideal for hot climates with extreme temperature shifts.