National operator and manager of exclusive “Class A” short-term accommodations to scale across 11 major markets in 2019.
NEW YORK – CorpHousing Group – a national, short-term apartment rental operator that assembles and manages proprietary “Class A” multi-family real estate throughout the U.S. – announced today its official launch. The company’s debut is marked following a strategic 18-month growth period, during which it scaled a portfolio of short-term vacation and corporate travel accommodations across multiple, high-density markets.
Current active markets for CorpHousing Group include Washington, D.C., Miami, Fla., Columbus, Ohio, Nashville, Tenn., and Denver, Colo., with plans to be in a total of 11 cities by the end of 2019. The company’s exclusive inventory is marketed to consumers through SoBeNY, a hospitality platform that serves business and leisure travelers seeking a short-term alternative to hotel stays in urban cores of major metropolitan markets.
Since 2017, CorpHousing Group has been building a portfolio through a unique assemblage model. Through alliances with leading multi-family advisors, developers and property owners, the company engages in long-term and master lease agreements to provide an exclusive inventory of standardized, high-quality rental product.
“Our strategic alliances with key market investment groups allow us to provide a highly-curated product that is aligned with the demands of the modern-day traveler and business executive,” said Brian Ferdinand, managing partner of CorpHousing Group. “These partnerships, combined with the company’s approach of standardizing assets to ensure optimal quality and operational infrastructure, have made us a lucrative business partner to multifamily developers looking to increase and diversify revenue generation.”
The global vacation rental market, in a short time, has become one of the fastest-growing hospitality sectors in the world. According to market research company Technavio, the industry is expected to reach $193.89 billion by 2021. Three contributing elements to this positive trajectory are the rise in sharing economy, expansion of online distribution, and increased investment in vacation rental homes. CorpHousing Group’s long-term strategy supports these factors, while its institutional approach creates exponential value for its real estate partnership brands.
CorpHousing Group is headquartered in New York, with corporate offices in Miami and Nashville.
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