FORT LAUTERDALE, FL – Nuveen Real Estate has selectedmultifamily real estate operator, Common to manage operations andleasing for two of Nuveen's largest, class A multifamilyassets.
Within the new partnership's 575-unit portfolio expansion,Common will run operations and implement innovative technologypractices for 331-units at The Edge in Fort Lauderdale's FlaglerVillage and the brand will additionally assume management of the244-unit Stella building in Los Angeles.
The expansion represents a significant partnership for theglobal investment manager; replacing traditional propertymanagement firms by selecting a tech-first, co-living start-up.
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