What is Co-Living?
In its simplest form, co-living involves small bedrooms or micro-apartments and large communal spaces combined with a range of community events that aim to create a sense of belonging.
Co-living is a subset of the Build to Rent (BTR) sector, whereby the property is owned by one landlord, with apartments rented out over the long-term. Tenants have their own private bedroom and bathroom, and share communal spaces. Co-living communities can be standalone or a section within a larger conventional BTR property.
Co-living has many similarities to Purpose Built Student Accommodation (PBSA) – it is professionally managed, creates a sense of belonging, provides shared communal spaces, offers all-inclusive rents, and hosts community events.
Our combined knowledge, skills and reputation provide our customers with a class leading, full spectrum operating service.
Experienced Operator & Developer
Arrival Living was founded in late 2019 as a full-service accommodation operator and development manager, dedicated to working across the BTR, Co-Living, and PBSA sectors in Australia and New Zealand.
Founded and led by some of the industry’s most experienced and recognized property management specialists, Arrival offers our business partners the benefits of their 50+ years of experience operating and developing PBSA and private rental accommodation across the globe.
Full service operator
Arrival is a full service operator with in-house capability in all facets of property management including sales and marketing, facilities management, managing residential agreements, and delivering community events.
Developed in excess of 9,000 beds of PBSA with a combined asset value exceeding $1 billion.
Alternate real estate sector experience
The team has a vast amount of experience in the PBSA sector, and has seen that sector transform from a largely unknown alternate real estate asset class, to its own institutional grade asset class.
Building and exiting scalable real estate platforms
Through their recent experience at Atira Student Living, the team has demonstrated their capability in launching a new business in an emerging sector and stabilising operational performance quickly for our investors.
Award winning customer service
We pride ourselves on our track record for delivering results, demonstrated by the multiple industry body awards we have previously won for innovation, customer service, and overall excellence in accommodation management.
The team has managed more than 18,000 beds of accommodation over the past decade across Australia and New Zealand. Our experience in these markets is wide-spread across the gateway and secondary cities.
Co-Living = Community
Successful activation creates places that are buzzing with people, where the community has a strong sense of pride, and where resident enjoyment levels are sustainable, or better yet, thriving.
We are focussed on creating a positive social impact, defined as the net effect of an activity on a community and the well-being of individuals.
Our approach to activation does not stem from a template. It comes through many years in successfully delivering residential life programs that encourage young adults to engage, belong, and achieve.
We tailor each program to match the specific needs of the building and the different cohorts that make up the community, the location’s opportunities, and its challenges, to optimise the customer experience and build strong results against business performance metrics.
Establish and grow the place identity
Grow the place vision
Engage residents and stakeholders
Create positive perceptions
Gain endorsement and referrals
Achieve high customer retention levels
Co-Living & The Sharing Economy
There is a general shift away from “ownership” for Millennials – they value experiences over material possessions. Things that used to represent the hallmark of high achievement are now just
AirBNB has removed the desire by many to have a vacation home, whilst Uber has caused a shift away from car ownership.
Netflix has ushered a shift from content ownership to access, and
WeWork has led a shift from traditional corporate offices to flexible membership agreements.
Gen Z and Millennials want their own bedroom and bathroom, but are prepared to share communal spaces.
Co-living enables the consolidation of numerous amenities that would be unattainable individually but are made possible via a community pooling resources such as a swimming pool, home gym, co-working space, yoga room, movie theatre, etc.