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Aug 8, 2016 1:57 EST

National housing brand for Millennials built around shared spaces + experiences. Open Door Coliving : Live Better Together. Shared living spaces for urban Millennials.

iCrowdNewswire - Aug 8, 2016

OpenDoor Coliving

OpenDoor Coliving

Live Better Together. Shared living spaces for urban Millennials.

 

HIGHLIGHTS

  • $50k in monthly recurring revenue
  • Existing pipeline deals will triple revenue

ELEVATOR PITCH

National housing brand for Millennials built around shared spaces + experiences. Coliving creates more asset value and higher management margins for OpenDoor.

 

COMPANY OVERVIEW

Our mission is to enable meaningful lives through shared experiences.

OpenDoor is a human experience company with a real estate business model. We create and operate coliving homes – rental housing with 10-15 residents sharing meals, space and creative experiences. Simply put, we rent housing.

Humans are a social species. In the age of superficial social media, Millennials increasingly crave real community and strong friendships. With the advent of AirBnB, we’ve seen hoards embrace the sharing of intimate space in favor of authentic experiences over sterile accommodation.

We’ve completed the first phase of our growth- launched 3 properties in the Bay Area with 40 residents. We are now partnering with innovative developers on larger-scale retrofit and new construction projects, with another 150 bedrooms in our piepline. We’ve proven that not only is there a deep demand for coliving, it also outperforms financially.

Our company is focused on two things: enabling authentic, creative culture for our residents and underwriting rock-solid real estate economics for our partners.

 

COMPANY SLIDESHARE

 

LEADERSHIP

Ben Provan

Ben Provan

Co-founder

 
Cornell mechanical engineer + MBA. Ben leads our finance and operations efforts, as well as real estate underwriting. https://www.linkedin.com/in/benprovan

Unverified

Stoney Cox

Stoney Cox

Board Member + Investor

 
Stoney brings a background in real estate private equity and investment banking. https://www.linkedin.com/in/stonington-cox-81886

Unverified

 
 
Contact Information:

Ben Provan

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