The fastest-growing real estate brand in the U.S. has announced plans to expand internationally.
The leading residential brand that designs, leases and manages multifamily properties in the U.S., Today Common, will expand its international footprint to develop a minimum of 3,000 apartments by 2023.
Founder and CEO Brad Hargreaves said the move will help the company position itself in the United Kingdom.
"Today marks an incredibly important moment for Common as we officially take our brand across the Atlantic after six years of fast growth in North America. For our first five UK buildings, we're honored to work alongside real estate owners with local roots who are getting creative about the ongoing housing crisis in London," Hargreaves said. "The build-to-rent sector is quickly expanding, and our movement into London is the next step in fully realizing our mission to make city living easier and more reliable for renters in the most sought-after locations in the world."
The company is joining London-based real estate owners London Green and SAV Group in order to build 664 leasable units across five properties in prominent London boroughs, such as Wandsworth and Westminster.
The mission is to open 3,000 apartments by 2023 after six solid years of growth in the U.S., with the first property set to open during the second quarter of 2022.