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VFW: Still more service | News, Sports, Jobs - Lehigh Acres Citizen

During the year of 2022, the VFW Service Officers of all the Posts combined were proud to acknowledge that, with their help, there was more than $11.2 billion d ....

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Quarters is out of cash, Convene's revenue plunges


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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