Starcity is a major operator and developer of co-living projects in the U.S. and Europe, which provide furnished apartments and rooms with on-site amenities and services for a flat, fixed cost.
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 re-adjusting how it does business and the areas it targets for growth.
Four individuals started Starcity in 2016, including Jon Dishofsky, who, by early 2021, was its chief executive. The company has raised tens of millions in funding from private equity and venture capital firms, as well as additional financing from JPMorgan Chase, Amalgamated Bank, Fannie Mae and AIG, among others.