SplitSpot Signs Agreement to Acquire Assets of PlaceMe

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The transaction combines two of the largest co-living players in the greater Boston area; expands SplitSpot’s offerings to include PlaceMe’s fully-furnished, all-inclusive housing solutions

"We are excited to continue the vision of PlaceMe through the SplitSpot platform. Renters face many challenges when searching for good housing in cities across the country, and SplitSpot and PlaceMe have endeavored to solve these challenges," Ernesto Gaxha CEO of SplitSpot

SplitSpot, a Boston-based co-living platform, has acquired substantial assets of PlaceMe in a deal recently finalized. With the addition, SplitSpot enhances its position as a co-living leader in Boston, with several hundred rooms on its platform. SplitSpot will immediately transition the operations of a significant amount of the units previously managed by PlaceMe.

“We are excited to continue the vision of PlaceMe through the SplitSpot platform. Renters face many challenges when searching for good housing in cities across the country, and SplitSpot and PlaceMe have endeavored to solve these challenges,” said Ernesto Gaxha, co-founder of SplitSpot. “We’re happy this agreement continues to make that possible.”

“We are pleased to partner with SplitSpot,” said Clara Arroyave, CEO of PlaceMe. “We are happy to integrate our team and properties to enhance the already great product that the team at SplitSpot has built so far, to create the largest footprint in co-living in the city.”

With the acquisition of the assets of PlaceMe, which last year acquired the Boston portfolio of former co-living startup Bedly, SplitSpot will be able to provide a wider range of co-living solutions to renters, across a larger base of apartments throughout the greater Boston area.

The transaction is expected to close in September. Terms of the deal were not disclosed.

About SplitSpot: Founded in 2019, SplitSpot simplifies renting for both tenants and landlords. The company intermediates the renting process by providing rooms with flexible lease arrangements and reduced upfront costs, producing an affordable solution for long-term renters in cities. SplitSpot works to improve accessibility for housing while providing landlords quality tenants. http://www.SplitSpot.com

About PlaceMe: Launched in late 2016, PlaceMe is an all inclusive co-living company dedicated to offering accessible housing to Boston newcomers by working directly with corporations and educational institutions across MA. PlaceMe prides itself on delivering a great customer experience with a welcoming sense of community. PlaceMe is an alumni of the gener8tor accelerator program. http://www.placemeliving.com

Points of contact:
Clara Arroyave:
clara@placemeliving.com

Ernesto Gaxha:
Ernesto@splitspot.com

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