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Coliving Provider Quarters Ends US Business As Another Property Concept Struggles in Pandemic

German Company Cancels Leases in Four Cities To Focus Efforts in Europe
When Quarters Properties opened in Chicago in 2018, the concept of people who didn’t know each other living together had promise. (Quarters)
When Quarters Properties opened in Chicago in 2018, the concept of people who didn’t know each other living together had promise. (Quarters)
By Jennifer Waters
CoStar News
January 19, 2021 | 11:50 P.M.

The pandemic has claimed another new commercial real estate business: Quarters Properties, among the pioneers of coliving, has called it quits in the United States and filed for Chapter 7 liquidation.

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