January 2023

M id A tlantic Real Estate Journal — Owners, Developers & Managers — January 2023 — 5C


O wners , D evelopers & M anagers The year included 1,300-plus apartments in 18 separate transactions Hudson Atlantic Realty finishes 2022 strong with $293M+ in closed deals in its 1 st year


a targeted marketing plan, which controls exposure and maximizes results by identi- fying the optimal buyer pool for a property based upon their investment criteria and deal history.” Jeffrey Otteau , the firm’s managing broker, added: “These results demonstrate that inves- tors continue to seek out quality assets in desirable locations de- spite the current high interest rate environment.” Looking ahead, 2023 looks to be even stronger, with a deal pipeline of $150 million in addi- tional sales scheduled to close in the first quarter. MAREJ

udson Atlantic Realty said 2022 was a huge success,

as the brokerage closed more than $293 million in deals. The year included 1,300- plus apartments in 18 sepa- rate transactions — Hudson Atlantic established itself as a force in the commercial real estate market. According to the firm, these impressive results in its first full year of operation are a direct result of its market in- telligence, deep relationships within the investment com- munity and unparalleled deal making skills. Adam Zweibel , manag- ing partner, explained: “Our success comes from crafting Habyt & Common merge to become global co-living operator NEW YORK, NY — Habyt , a co-living operator in Europe and Asia, and Common, a co-living operator in North America, announced a merger to create a global co-living company. The combined entity brings a next generation of liv- ing concepts operating world- wide. With locations in over 40 cities and 14 countries, across three continents, the combined entity will operate over 30,000 units that vary from co-living, studios and traditional rental apartments. Both Common and Habyt have seen their businesses grow three-fold in 2022. The combined Habyt Group , which will continue to be led by Habyt’s CEO Luca Bo- vone , is backed by investors across the world, including P101, Vorwerk Ventures, DI Capital Solutions, Sequoia and Mitsubishi and was founded in 2017 in Berlin, Germany. The CenterCap Group acted as financial advisor to Common Living in connection with this transaction. “The merger makes perfect sense for both companies - Ha- byt had no North American presence and Common had none in Europe,” said Luca Bovone , founder and CEO of Habyt. “Our new combined resources present a fully digital, easy solution to access rental proper- ties across the world, something that has been historically de- railed by endless paperwork or bureaucracy.” MAREJ

Hudson Atlantic Realty's Adam Zweibel and Jeffrey Otteau

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