Common Takes Off in LA, Triples Management Pipeline

Common Takes Off in LA, Triples Management Pipeline
As it plans to manage $300MM of real estate in LA by the end of 2021, Common bets big on the resurgence of cities
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LOS ANGELES, May 7, 2021 /PRNewswire/ -- 
Common, the nation's leading residential brand that designs, leases, and manages multifamily properties that appeal to today's renters, today revealed that Los Angeles will become its biggest market in the US. Between now and the end of 2021, the company will open 1,125 units throughout Los Angeles starting with 5800 Harold by Common in Hollywood, Common Beverly in Hancock Park and Common Paramount in Hollywood. In addition to its 2021 pipeline, Common has 1,800 units under development in the Los Angeles area set to open through 2024. Having delivered a strong leasing and operating track record at its existing LA portfolio despite COVID-19, Common's expansion marks their continued growth and commitment to both elevating apartment living and adding reliable housing stock in the city.

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