Dovevivo

About Dovevivo

Established in 2007 by Valerio Fonseca and William Maggio, DoveVivo S.p.A. has positioned itself as a significant player in the European residential management market, specializing in coliving. The company's inception was driven by the founders' firsthand experiences with the challenges of finding quality rental accommodations, which fueled their ambition to professionalize and simplify the rental process for both property owners and tenants. Valerio Fonseca's background includes experience at the Boston Consulting Group, while William Maggio has a history in the real estate and private equity sectors, providing a complementary skillset for the venture. Over the years, DoveVivo has achieved substantial growth, marked by its expansion from its initial base in Milan to other Italian cities and eventually into international markets like France and Spain. A pivotal moment in its trajectory was the 2022 merger with ALTIDO, a specialist in short-term rentals, which broadened its service offerings and market reach. This strategic move culminated in the formation of the Joivy Group, which now serves as the parent entity, integrating the full spectrum of living space solutions from short-term stays to long-term coliving arrangements.

DoveVivo's core business revolves around managing a large portfolio of properties on behalf of owners and renting them to a diverse client base that primarily includes students and young professionals. The business model involves taking on residential assets—from single apartments to entire buildings—and transforming them into shared living spaces. The company offers an all-inclusive service package that covers property renovation, furnishing, tenant management, and maintenance, thereby providing a hassle-free experience for property owners and a high-quality living standard for tenants. For its residents, DoveVivo provides fully furnished rooms within a community setting, with rental agreements that typically include utilities, internet, and maintenance services, simplifying the living experience for those relocating or seeking flexible housing. This full-service approach generates revenue by leasing these managed properties and capturing the value added through professional management, economies of scale, and enhanced property appeal. The company now operates a portfolio of approximately 2,500 properties across more than 40 destinations in Europe, housing around 13,000 beds under the new Joivy Group umbrella.

The service is designed to address the needs of a mobile and demanding demographic seeking flexible, convenient, and community-oriented housing solutions. Properties managed by DoveVivo are strategically located in key European cities and are refurbished to meet modern standards, offering a distinct advantage over the traditional rental market. The integration into the Joivy Group allows for a seamless customer journey across different housing needs, from a few nights' stay to a year-long rental, all managed through a unified technological platform. This platform aims to simplify every aspect of the rental process, from booking and contract management to maintenance requests and community engagement, representing a key component of its value proposition to both property owners and tenants in the evolving residential real estate market.