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Opendoor Hires New Vice President Of Sales And Support
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After undertaking a huge facelift to its c-suite over the past six months, Opendoor added another new role to support the company’s growth. Megan Meyer Toolson, whose been with the company since 2015 is being promoted to the newly created role of chief customer officer, the company announced Tuesday.
Megan Meyer Toolson | Credit: Linkedin
“The traditional real estate transaction has left countless consumers with stress and uncertainty in what should otherwise be a time of joy,” Opendoor President Andrew Low Ah Kee, wrote in a blog post. “Opendoor was founded to improve this customer experience. Every day, we work to leverage the power of our technology and scale to turn the process of moving into one of life’s delightful moments.”
Spare a Quarter?
The music has stopped for German co-living brand Quarters, whose U.S. expansion is ending in bankruptcy.
Eight properties and two LLCs tied to the company filed for Chapter 7 bankruptcy, listing between $1 million and $5 million in combined liabilities and less than $500,000 assets.
Quarters is an offshoot of Berlin-based Medici Living Group, which was founded in 2012 and pitched itself as the “WeWork of co-living.” After raising $1.4 billion to add locations in Europe, Quarters raised $300 million to expand to the U.S. in early 2019. The company signs master leases and then operates co-living spaces.
As of 2019, Quarters was aiming to have 9,000 rooms globally but by last year it only had 5,000. It now claims to have 3,000 rooms with 95 percent occupancy.
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