Furnished Quarters Adds Three Buildings to San Francisco Bay Area Portfolio
- Sep 12, 2018
Grows on-the-ground staff in local office
San Francisco, CA, Sep 12, 2018 – Furnished Quarters, the largest independently owned and operated provider of temporary furnished apartments, is further expanding its inventory in the San Francisco Bay Area since entering the market in January 2018. In addition to acquiring apartments in three new residential buildings, the company has grown its on-site team working out of the San Francisco office.
Joining Furnished Quarters’ Bay Area inventory are NEMA, an ultra-luxury building in San Francisco’s South of Market (SoMa) neighborhood, Sharon Green in Menlo Park and Domus on the Boulevard in Mountain View. NEMA is one of the most luxurious properties in not just Furnished Quarters’ Bay Area portfolio but in all of San Francisco. With these additions, the New York-based provider has already exceeded its goal of establishing 100 apartments in California and plans to reach 150 by year’s end.
“Our growth in the area has been unprecedented, and shows no signs of slowing down,” said Steve Brown, CEO of Furnished Quarters. “We feel well-positioned and established in the market, but with much room for expansion. As demand keeps rising, we anticipate adding even more apartment inventory.”
Forward-thinking and lifestyle-driven, the staggeringly amenity-rich NEMA building is the most demanded of its kind in the city. Features include a 1,500-square-foot multipurpose sunroom, three landscaped terraces, an indoor-outdoor fitness center with its own 24-hour staff, a 60-foot lap pool and onsite car and scooter rentals. NEMA is also ideally located at the intersection of four coveted neighborhoods: SoMa, Civic Center, Hayes Valley and the Mission District.
Sharon Green, situated in Menlo Park near Palo Alto, also boasts several indoor-outdoor amenities. Each apartment offered by Furnished Quarters has undergone a complete renovation. The lush residential community is centrally located in the heart of Silicon Valley, with easy access to Stanford University, major tech companies and leading venture capital firms. Domus on the Boulevard, found in Mountain View near major employers like Google, Microsoft and Samsung, features modern, minimalist apartments and ample amenities.
To fulfill the need for more on-the-ground sales and operations staff, the company now has an eight-person team working in its San Francisco office, located at 1162 Folsom Street in the SoMa district. The team will continue to grow as client needs escalate.
“It’s quickly become apparent that the Bay Area is one of our most popular markets, and I couldn’t be more thrilled with how well it’s been received,” said Tyler Smittle, General Manager of the San Francisco office. “We surpassed our occupancy expectations in July and August, which is a strong indicator that we are providing the right product in the best locations.”
About Furnished Quarters
Furnished Quarters is the largest independently owned and operated supplier of global temporary housing, offering over 100,000 fully furnished apartments in more than 800 cities around the world. The company, established in 1998 in New York City by brothers Steven and Gary Brown, currently serves more than 5,500 clients, ranging from top Fortune 500 corporations to small businesses.