Starcity is an owner and operator of coliving housing. Node develops, owns, and operates coliving properties.
Starcity develops, acquires, and renovates properties to convert them into co-living properties. It then handles the marketing and operations for these properties, handling inquiries from prospective renters and ultimately supporting the renters that move into a property. Starcity tends to focus on converting underutilized multifamily, hotel, and office buildings.
Starcity's rental prices vary significantly by market and occupancy rates of a given property, so there is no consistent cost structure for Starcity.
Starcity likely generates most of its money by charging rent to coliving tenants. It may also generate income from the appreciation and sale of any properties it owns. There are also likely other sources of income like ancillary services such as parking, insurance, and other referral partnerships.
Starcity is privately held.
Starcity acquired Ollie, a coliving operator, in December of 2020.