The Collective has teamed with DTZ Investors to launch the world’s first major institutional co-living fund. In a press release, CTZ’s Chief Investment Officer David Berkowitz said that “Co-Living is an innovative and disruptive way for investors to invest in real estate assets at lower cost than traditional invest@@ The fund has launched with £70m of seed capital and has already announced a deal to forward-fund a development in Harrow.
The Collective has teamed with DTZ Investors to launch the world’s first major institutional co-living fund. The firms are seeking to raise up to £650m ($838m) in total equity commitments for the fund, known as COLIV, which will be used to acquire between six and 10 co-living assets in London over the next decade. The fund has launched with £70m of seed capital and has already announced a deal to forward-fund a development in Harrow.