CHICAGO, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Bungalow, a new residential real estate platform, today announced its entrance into Chicago, the company’s first Midwest market. Early career professionals can now find a home with amazing roommates across Bungalow's diverse portfolio of properties in Chicago's Wicker Park and Bucktown neighborhoods; additional homes and neighborhoods including Lincoln Park and University Village will become available in the coming months.
In less than two years, Bungalow has quickly scaled to hundreds of properties and more than 900 residents across eight major metropolitan areas in the U.S., now including Chicago. The company operates by signing long-term leases with homeowners and renting out their properties for roommate living in some of the most desirable neighborhoods in these cities.
A two-sided platform, Bungalow offers homeowners a source of income without the responsibility of being a landlord, and in turn, helps solve housing issues faced by early career professionals in urban areas:
- Convenience – Bungalow expertly matches potential roommates, provides furnished common areas, and takes care of utilities including WiFi and monthly cleaning services.
- Community – The company hosts monthly events for its residents, creating an instant community for those new to a city or who are looking to expand their social circle.
- Affordability – On average, renting with Bungalow cost 30-40% less than a studio apartment.
- Flexibility – Bungalow offers the ability to move between homes within cities and even between cities without having to break a lease.
“Growing up in Illinois, I witnessed Chicago’s massive growth trajectory as it attracted people not only from the Midwest but across the country and world,” said Justin McCarty, Co-founder and Chief Operating Officer of Bungalow. “The housing challenges for today’s early career professionals aren’t confined to coastal cities; these issues are prevalent in urban regions throughout the U.S. Bungalow’s expansion into Chicago will offer residents a superior rental experience as well as help them find and establish a community in this increasingly diverse city.”
Bungalow properties are currently available for rent in the Bay Area, Los Angeles, New York, San Diego, Seattle, Portland, Washington D.C., and now, Chicago, with additional cities to be added in the coming year. To learn more about Bungalow or inquire about renting a home or leasing a property, please visit www.bungalow.com
About Bungalow
Bungalow is a residential real estate platform providing beautiful homes with great roommates, paired with a seamless digital-first experience for early career professionals. The company takes care of everything from matching great roommates and furnishing a home’s common areas to streamlining rent and utility payments and handling service requests, removing friction from the rental experience. In addition, Bungalow helps its residents create a thriving community through exclusive social events and volunteer opportunities. Bungalow is able to offer homes in the most desirable neighborhoods by working directly with homeowners who are looking for a guaranteed income stream but don’t want to sell their homes. This model has helped Bungalow scale to hundreds of homes within a year. Founded in 2017 by Andrew Collins and Justin McCarty, the company currently has more than 900 community members in hundreds of homes across 8 markets. For more information visit www.bungalow.com.
Contact
LaunchSquad for Bungalow
bungalow [at] launchsquad [dot] com