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Neil Shekhter - Will Co-Living Take Off in Los Angeles?

Tuesday, 09 January 2018 12:23 PM

NMS Properties, Inc.

LOS ANGELES CA / ACCESSWIRE / January 9, 2018 / Neil Shekhter explained that co-living is evolving all around the United States, and is changing the way people think about where they live and work.

Co-living is evolving all around the United States, meeting the needs of younger generations who aren't interested in buying a home and who want to live with less, according to Neil Shekhter, founder and CEO of Santa Monica-based NMS Properties.

Co-living spaces are also popping up in major cities all over the world, including London, New York, and Tokyo.

The main features of co-living are:

  • well designed communal spaces
  • communal activities
  • the deliberate fostering of community and belonging
  • flexibility of tenure
  • furnished rooms
  • single payment covers bills, and even amenities such as shampoo, coffee, and gym access

Co-living meets the needs of younger generations who are more interested in traveling and experiencing the world than settling down with a home and mortgage.

Per Neil Shekhter, co-living is also in line with the growing 'living with less' movement.

Good design and planning are essential for co-living dwellings to work. Another downside of co-living is the perception that co-living is an inferior form of accommodation.

Overall co-living will not be for everyone, however, this is a beneficial addition to the housing market. It will be interesting to see if co-living truly takes off in Los Angeles as it has in the USA and other parts of the world, Neil Shekhter points out.

If it does, it will have major benefits for many who choose to embrace it including decreased loneliness in society and an increase in sustainable living options. It will also enable LA to continue growing by providing a way to accommodate more and more people.

Launching NMS Properties in 1988, Neil Shekhter assumed the role of CEO in January 1995. The real estate management company focuses on multi-family and mixed-use properties in the Greater Los Angeles area and in Santa Monica. At present, NMS properties manages more than 70 properties.

Neil Shekhter - Founder and CEO of NMS
Apartments For Rent In Los Angeles NMS Residential: http://www.nmsresidential.com
NMS Properties - Real Estate Management Firm: http://www.nmsproperties.com

Contact Information:

[email protected]
[email protected]

SOURCE: NMS Properties, Inc.

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Investor Relations
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