Co-Living Firm Common Acquires Room Search Tech Firm Skylight

Brad Hargreaves’ (pictured, right, with Ollie co-founder Chris Bledsoe) co-living company Common has acquired sublet search site Skylight, which offers flexible-term rentals and handles rents automatically via credit or debit card.

Skylight CEO and co-founder Michael Lisovetsky, co-founder Jason Marmon and engineer Max Makarochkin have all joined Common as part of the deal. Before being sold, Skylight had received investments from Salesforce founder Marc Benioff, venture capitalist Tim Draper (who previously invested in Skype, Tesla, Baidu and Twitch) and Great Oaks VC.

Skylight has more than 125,000 members in its network. With this larger prospective tenant pool, Common plans to use Skylight’s data stream to better market its own co-living spaces and discover which neighborhoods are in demand.

Skylight’s data also gives Common insight into rental market segments that have been untracked up until this point, like people who use independent apps to find homes instead of brokers. It can also see how room share data compares to studios and one-bedrooms.

Continue reading this story with a free account

Log in or register
Related Topics: Brad Hargreaves , Common
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

The New School Sells First Dorm To Hawkins Way Capital: The N.Y. Deal Sheet

Mamdani Reveals Housing Court Fast Track Targeting Landlords, Not Evictions

From Bankruptcy To $400M Buying Spree: Michael Shah's Rapid Comeback

Pace Of NYC Housing Construction Plunges As Developers Play Small Ball

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Loud And Clear: Why Aiphone Thinks Intercom Ownership Is Best For Multitenant Buildings

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Century 21 Retail Redevelopment Advances With New Financing, Leases: The N.Y. Deal Sheet

Bally's Debt Obligations Raise Doubts Over Casino Operator's Future

Real Estate Has An AI Problem. A McKinsey Exec Says The Issue Isn't Tech

Tax Break Fight Threatens Development In Housing-Starved Long Island

Vornado, Related's Google-Anchored Office Building Faces 'Imminent Default'