August 5, 2019
Co-living operator Bedly, which reportedly ceased operations abruptly late last month, has reached an operational management agreement with Brooklyn-based Outpost Club for some of Bedly’s properties in Manhattan and New Jersey. The Bedly platform will also be operationally supported by Outpost.
Outpost will maintain Bedly’s current agreements with members, including deposit and rent obligations, which will be rolled over into the Outpost system.
“We’re diligently working on a plan to make this transition go as smoothly as possible, with minimal impact on the members,” said Outpost CEO Sergii Starostin. Bedly support staff will work through August to ensure current members are at ease as operational management transitions to Outpost.
“Bedly was the first co-living company in the world, and we have brought dramatic and structural change to the industry,” said Bedly CEO Martin Greenberg. “The co-living category will live on and have a lasting positive impact for all renters.”
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Tags: Apartments & Multifamily