Ollie, a provider of housing as a service and operator of micro-housing, coliving, and conventional apartments, is expanding to the West Coast withtwo new projects. The company has entered into agreements for two multifamily assets consisting of over 500 bedrooms, one in Los Angeles scheduled to open in 2020 and another in the San Francisco Bay Area scheduled to open in 2023.
Following the appointment of Gregg Christiansen as president in January, the company has sought to focus its growth on key markets to create a more long-term and sustainable business model. As a result, Ollie has been directly targeting Los Angeles and the Bay Area and expects to grow significantly in both markets over the next few years. Additionally, Ollie is strategizing with new partners to find turn-around, value-add, distressed, and COVID-19 impacted properties.
“Gregg’s proven track record of strong leadership and deep industry experience is well-positioned for Ollie’s future growth, and we’re excited to work closely with him and the rest of the Ollie team,” said Edward Casal, chairman of Ollie’s board