PPA Co-Living Fund I

The fund invests in co-living real estate, a property type where residents lease private bedrooms with access to shared kitchens, living rooms, and amenities. The model targets young professionals and students in high-cost cities, generating returns by renting per bed rather than per unit, which can produce higher revenue per square foot than conventional multifamily.

Co-living properties increase the number of rent-paying tenants within a given building footprint by replacing single-occupancy units with shared suites. This per-bed leasing model can drive higher gross rental income per square foot, offset by higher operating costs for turnkey services, furnishings, and community management. The net yield spread over traditional multifamily is the core value proposition for investors.