Investors look to co-living businesses as post COVID-19 investment

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Apartment rents in major U.S. cities may be dropping as folks flee urban centers amid theCOVID-19crisis.

But some venture capitalists are raising funds to take on the co-living or apartment-sharing sector.

Co-living involves communal arrangement where people get a private bedroom in furnished housing while sharing a common area with other people.

Investors believe that it shows huge potential for growth -- especially in New York City.

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