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The Collective to Explore Sale as Pandemic Curbs Co-Living

  • Credit Suisse hired to advise on review that may lead to sale
  • Apartment operator has properties in New York and London
The Paper Factory in Long Island City.
The Paper Factory in Long Island City.Photographer: Dave Kotinsky/Getty Images

The Collective, an operator of small apartments that promote hip community living for young renters, is considering putting its business up for sale, according to people familiar with the process.

The privately-held co-living firm, which has properties in London and New York, has appointed Credit Suisse Group AG to conduct a strategic review which may lead to a full or partial sale, the people said, asking not to be identified because the plan is private. There’s no certainty that the review will lead to any sale, the people added.