Jon Dishotsky is a founder and, as of spring 2021, the chief executive officer of Starcity, a major developer and operator of co-living sites, which provide furnished apartments and rooms with on-site amenities and services for a flat, fixed cost.
He started the company in 2016 with three friends, and now has backing from various private equity and venture capital firms. Starcity has also partnered on financing with AIG, Amalgamated Bank, Fannie Mae, and JPMorgan Chase among others.
Starcity, by the start of 2021, had more than 1,500 co-living units in dozens of locations in Los Angeles, New York, the San Francisco Bay Area, and Barcelona in Spain. The company also had a few thousand more units in development by then. Part of this footprint came via Starcity’s December 2020 acquisition of rival co-living operator Ollie.
While Starcity and other co-living companies took hits from the coronavirus pandemic, the operator managed to weather much of 2020 through readjusting how it does business and the areas it targets for growth.
Dishotsky, a Palo Alto, Calif., native with a degree in managerial economics from the University of California-Davis, worked as an executive at Cushman & Wakefield prior to helping start Starcity.