Shared-living operators, which specialize in providing housing to low-income millennials, is a burgeoning business. New York-based companies such as WeWork and Common, as well as San Jose, California-based Starcity, have each built large co-living developments in various urban neighborhoods.
Medici Living Group is another company that wants a bigger slice of the market.
The Berlin-based company, under the helm of German entrepreneur Gunther Schmidt, plans to add 1,300 units across various U.S.…
