Core Spaces

Core Spaces is a Chicago-based investment firm founded in 2010, operating as a vertically integrated developer, owner, operator, and investment manager. The firm specializes in the student housing and build-to-rent sectors, with its ecosystem encompassing student housing, build-to-rent single-family homes, and ancillary businesses. Core Spaces focuses on urban residential, hospitality, and student housing properties across the United States. The company's mission involves inventing the future of living by designing and building environments where individuals can reside in new ways, free from traditional limitations.

The company's approach centers on building a hospitality-minded ecosystem designed to foster growth for all stakeholders, including its team, residents, and the communities it serves. Core Spaces emphasizes creating experiences that aim to thrill residents, focusing on connecting with and caring for them. This philosophy extends to inspiring residents to achieve their potential and offering a level of hospitality intended to make them feel a sense of arrival and belonging. The firm's strategy is characterized by innovative development and a hospitality-driven approach to property management.

Core Spaces holds a prominent position as an investment manager within the student housing sector. The firm has contributed to the evolution of the student housing landscape by pioneering the Urban Infill Model. This approach involves enhancing the resident experience through superior design, hospitality, and management practices within student accommodations. The company strategically targets large university markets characterized by growing enrollment figures and existing housing shortages. Core Spaces prioritizes the development or acquisition of "main and main" locations, ensuring walkability to both university campuses and downtown areas. Currently, the company manages 49 communities and 11,901 units across 32 cities.

The firm possesses comprehensive capabilities spanning design, construction, management, and marketing. Core Spaces is recognized for its ability to reinvigorate distressed assets through creative design, strategic renovation, and effective management. The company tailors each project, whether purpose-built student housing, mixed-use developments, or single-family rental homes, to align with the local culture of its market and the aspirations of its residents. This end-to-end development expertise enables the firm to maintain agility and innovation while delivering projects on schedule and within budget. The communities developed by Core Spaces feature elevated architectural, interior, and landscape design, balancing efficiency with the resident experience.

The success of Core Spaces is attributed to the creativity, dedication, and culture of its team. The company fosters a culture that empowers its team members to pursue innovative ideas, including those that have not been attempted previously. The firm's team comprises a diverse range of professionals, including researchers, architects, engineers, designers, financiers, and builders. Core Spaces aspires to be an iconic owner of real estate, with its competitive advantage rooted in a culture of innovation and a strong focus on the resident experience.