Summary:
- Stephen Gaitanos, co-founder of student accommodation provider Scape, has expanded the business into The Living Company (TLC), now managing 40,000 apartments across 117 buildings valued at $20 billion, with ambitions to grow into a $100 billion real estate platform focused on integrated residential communities.
- TLC’s portfolio spans purpose-built student accommodation, build-to-rent, co-living, and retirement living, significantly broadened by its $3.85 billion acquisition of retirement operator Aveo in 2025, marking a strategic shift beyond student housing.
- Gaitanos emphasizes the critical role of private investment in addressing Australia’s housing supply challenges, warning that inconsistent government policy risks deterring global capital, while TLC’s private ownership structure supports long-term growth without quarterly earnings pressure.
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