Further consolidation in Boston coliving market

George Sell George Sell Uploaded 14 September 2020

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US: SplitSpot, a Boston-based coliving platform has acquired substantial assets from PlaceMe.

SplitSpot will immediately transition the operations of a significant amount of the units previously managed by PlaceMe.

“We are excited to continue the vision of PlaceMe through the SplitSpot platform. Renters face many challenges when searching for good housing in cities across the country, and SplitSpot and PlaceMe have endeavored to solve these challenges,” said Ernesto Gaxha, co-founder of SplitSpot. “We’re happy this agreement continues to make that possible.”

“We are pleased to partner with SplitSpot,” said Clara Arroyave, CEO of PlaceMe. “We are happy to integrate our team and properties to enhance the already great product that the team at SplitSpot has built so far, to create the largest footprint in co-living in the city.”

With the acquisition of the assets of PlaceMe, which last year acquired the Boston portfolio of former coliving startup Bedly, SplitSpot says it will be able to provide a wider range of coliving solutions to renters, across a larger base of apartments throughout the greater Boston area.

Terms of the deal were not disclosed.

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