ATLANTA — July 23rd, 2025 — PadSplit, the nation’s largest co-living marketplace, has announced a strategic partnership with New Western, the country’s leading real estate investment marketplace. The collaboration brings two rapidly growing platforms together to accelerate the adoption of co-living as both a profitable investment strategy and a scalable solution to the affordable housing crisis. By joining forces, PadSplit and New Western aim to equip more investors with the tools needed to succeed in this emerging asset class, while expanding the supply of affordable housing nationwide.
The partnership between the two organizations emerged organically: New Western investors were increasingly seeking ways to enter the co-living space and began inquiring about PadSplit’s model as a way to optimize returns while addressing housing affordability in their communities. In response, PadSplit and New Western are launching joint educational resources, co-marketing initiatives, and live events, including a featured presence for PadSplit at upcoming REIonTap investor events.
“Co-living is no longer a niche. It’s a proven solution to our housing crisis and a compelling opportunity for investors,” said Adam Kolojejchick-Kotch, PadSplit General Manager. “By partnering with New Western, we’re creating a seamless link between property acquisition and co-living adoption.”
New Western’s marketplace connects more than 250,000 local investors to an inventory of homes ready for rehab. The company purchases a home every 13 minutes—making it the largest source of investment properties in the nation—and plays a crucial role in revitalizing communities and creating more affordable housing inventory.
“Partnering with PadSplit gives our investor community a direct path into one of the most high-impact models in housing,” said Kurt Byers, Director of Business Development at New Western. “With PadSplit, we’re enabling a new category of opportunity: transforming overlooked inventory into flexible, affordable living spaces that are desperately needed across the country.”
PadSplit’s model empowers property owners to rent out individual rooms in shared housing environments with weekly rent, all-inclusive pricing (furniture, utilities, Wi-Fi), and no minimum credit score required. To date, PadSplit has created 21,000+ rooms, housing more than 50,000 individuals, many of whom are frontline workers. With its low-barrier, tech-enabled platform, PadSplit is redefining what affordable housing can look like—without relying on public subsidies.
For more information, visit padsplit.com/newwestern.
PadSplit is the country’s largest co-living marketplace. As a public benefit corporation, PadSplit is intentional about doing well and doing good, so its focus is on increasing the housing supply and decreasing barriers to access for essential workers. Their award-winning model allows individuals to find a flexible, long-term rental option that includes furniture, utilities, and access to public transit, all without a minimum credit score. PadSplit’s technology platform enables personalized rent payments that facilitate easier budgeting and allow residents to improve their financial health. A fully remote company, PadSplit offers more than 20,000 shared housing rooms nationwide. Apply to become a resident or a property owner at PadSplit.com.
New Western is a real estate investment marketplace that creates opportunity. We make investing more accessible for over 250,000 local investors through the largest private source of value-add properties in the nation. We buy and sell a home every 13 minutes in most major cities. New Western creates an advantage for all—a fresh start for sellers, exclusive properties for investors, and new, affordable inventory for the housing market. New Western was honored with a Glassdoor Employees’ Choice Award for Best Places to Work in the U.S. small and medium company category in 2023, 2024, and 2025. Learn more at www.newwestern.com and explore careers at www.newwestern.com/careers.
Media Contact
Andrea Merrill, VP of Marketing, New Western, [email protected]
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