LOS ANGELES, CA – Tripalink, a start-up focusing on building Co-living communities, raised $5 million in its Series A+ funding round, marking the second time completion of funding within six months. This funding round was led by Calin SJG Fund, L.P, with the participation of K2VC, eBroker, and Tekton Ventures.

“The funds will be used for upgrading our products and services, as well as expanding the market,” says CEO Donghao Li.

As a Chinese start-up in Los Angeles, Tripalink, linking the eastern and the western culture, advantaged with its deep understanding of the international rental market. Its rapid growth is to a large extent the result of the insight into the fantastic market potential and firm belief in the value of connectivity fostered by Co-living community.

In 2019, millennials are expected to take up the largest percentage of the living adult population, with their numbers increasing to 73 million (Fry, 2018). For this generation in the United States, Co-living is the trendiest lifestyle in recent years. While ensuring the personal private space, a Co-living community also provides spacious and versatile common areas to fully meet the residents’ demands in social interaction.

“Compared to hotels and traditional student apartments, Tripalink’s high-quality one-stop service to free all our residents from chores and set their mind at ease. The Co-living community environment will also offer our residents a supreme living experience,” Li introduces.

Currently, Tripalink has two main products: U-Living and V-Living. With a long-term cooperation with experienced real estate developers and homeowners, Tripalink provides high-quality and personalized U-Living units. Up to now, Tripalink has served over 4,000 millennials, with an average renewal rate amounting 75 percent. Two V-Living projects have been finished, while 13 more projects are under construction. It is expected that by the end of 2019, the number of the bedspace available will exceed 3,000, and at least 10 new V-Living apartments will be delivered for use. By far, Tripalink has expanded its business in Pittsburgh and Seattle, and it will enter Austin, Philadelphia within this year; the number of all community members is foreseen to reach 20,000 in 2020.

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MINNETONKA, MN – UnitedHealthcare announced it has surpassed $400 million in investments in new affordable housing as part of the company’s ongoing efforts to remove social barriers to better health for people in underserved communities. The company has invested in 80 affordable-housing communities across the United States with more than 4,500 new homes for individuals and families in need.

The announcement coincides with a ribbon-cutting ceremony for the PATH Metro Villas, a new 65-unit housing center made possible by a $12 million investment from UnitedHealthcare for people experiencing homelessness in Los Angeles.

“Access to safe and affordable housing is one of the greatest obstacles to better health, making it a social determinant that affects people’s well-being and quality of life,” said Steve Nelson, CEO of UnitedHealthcare. “UnitedHealthcare partners with other socially minded organizations that know the value of excellent health, and how public-private partnerships like these can succeed in helping make a positive impact in our communities.”

UnitedHealthcare started its initiative in 2011, working with leading affordable-housing advocates to invest in developments that would increase access to housing, health care and social services. UnitedHealthcare’s own Medicaid data show that when people who are homeless have access to stable housing, their health is managed more effectively. In one state, emergency room admissions dropped 60 percent, and total cost of care was 50 percent lower for people enrolled in a housing program.

UnitedHealthcare has made its investments through national and regional affordable-housing organizations such as Enterprise Community Investment, Greater Minnesota Housing Fund, US Bank, Affordable Equity Partners and Chicanos Por La Causa, Inc., among many others, by providing critical equity through state and federal tax credit programs and low-interest loans and financing.

“Enterprise and our partners like UnitedHealthcare are making a seismic shift in the health and housing sectors,” said Charlie Werhane, president and CEO of Enterprise Community Investment. “Together, we are putting health at the center of developing well-designed affordable homes, and elevating them as an essential tool for improving people’s health.”

Nearly 15 million Americans currently lack access to stable housing. According to the Robert Wood Johnson Foundation Commission on Health, the shortage of affordable housing limits people’s choices about where they live, often relegating lower-income families to substandard housing in unsafe, overcrowded neighborhoods with higher rates of poverty and fewer resources for healthy exercise and outdoor activities (e.g., parks, bike paths and recreation centers, etc.). The financial burden of unaffordable housing can prevent families from meeting other basic needs including nutrition and health care, and is particularly significant for low-income families.

“UnitedHealthcare’s investments in affordable housing recognize the vital connection in managing the social determinants that influence well-being,” said Warren Hanson, Greater Minnesota Housing Fund president and CEO. “It’s hard for many families to reckon about a job, school or their family’s health without reliable housing. UnitedHealthcare understands that link and has been an vital partner in making a positive impact across the country.”

A critical element of UnitedHealthcare’s affordable-housing initiative is investing in new communities that include on-site amenities and services, such as clinical health care services, social and support counseling and monitoring, job training, academic support and adult education classes, childcare, computer labs and playgrounds. Another goal is to improve access to affordable housing for people with the greatest need including seniors, military veterans, people living with disabilities, and those struggling with homelessness.

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FORT LAUDERDALE, FL – TGM announced the acquisition of TGM Harbor Beach, a waterfront, mid-rise style apartment community with 394 units in Fort Lauderdale, FL.

The waterfront community was completed in 2017 and is located on 3.8 acres, with its leasing office located at 1721 SE 17th Street.  TGM Harbor Beach is immediately surrounded by quality walkable retail and lifestyle amenities.  The property is in close proximity to major employment centers in downtown Fort Lauderdale and throughout Broward County.  Harbor beach is located on the 17th Street corridor, which represents an alternative to downtown Fort Lauderdale due to its superior connectivity to area highways, Fort Lauderdale International Airport, Port Everglades and the beaches.

The property’s expansive studio, one- and two-bedroom apartments weave modern convenience with upscale finishes, with an average unit size of 912 square feet.  Interior finishes include granite countertops, soft-close cabinets, tumbled marble backsplashes, front control range stoves, pendant lighting, and porcelain tile flooring.  All units include a front-loading washer and dryer and modern ceiling fans in living rooms and bedrooms.  A number of the apartments have sweeping views of the intracoastal, downtown Fort Lauderdale and the Atlantic Ocean.

The property offers exceptional amenities with abundant options including a resident lounge with gourmet demonstration kitchen and private dining area, coffee bar, media center with plush stadium seating, well-equipped athletic club with boxing and yoga studio overlooking the ocean, multiple outdoor living spaces including a putting green, billiards, lounges, grilling areas, bark park and luxury poolside cabanas.  The property is situated along the Seminole Canal with over 400 linear feet of frontage along the water.  It is one of only seven existing apartment assets with water frontage in Broward County.

“TGM Harbor Beach represents a unique opportunity to expand TGM’s footprint on the east coast of Florida with the addition of our second waterfront community.  Situated in the heart of the world’s largest yacht mecca, every detail was carefully selected at TGM Harbor Beach resulting in the merger of inspirational waterfront living and architecture.  The property’s location on the 17th Street corridor offers convenient access to the beaches, downtown Fort Lauderdale, the Airport and Port Everglades,” said Zach Goldman, Managing Principal and Director of Operations for TGM.  TGM Harbor Beach is managed by TGM’s property management company, TGM Communities.  Also owned and managed by TGM in Florida are TGM Oceana (Boca Raton), TGM Bay Isle (St. Petersburg), TGM Ibis Walk (St. Petersburg), TGM Palm Aire (Sarasota), TGM University Park (Sarasota), TGM Bermuda Island (Naples) and TGM Malibu Lakes (Naples). 

TGM Harbor Beach, formerly known as Broadstone Harbor Beach, was marketed by Cushman & Wakefield’s Florida Multifamily Institutional Properties Group led by Robert Given. 

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