Outpost, a New York–based co-living operator, has merged with June Homes.
The combined company (OJH Holdings) will boast roughly 4,000 units across Austin; Boston; Chicago; Los Angeles; New York City; San Francisco; and Washington, D.C. The combined entity will be led by Outpost CEO Sergii Starostin, while June Homes CEO Mauricio Zuniga will become president of the new entity.
June Homes, which is backed by SoftBank Ventures Asia, brings approximately 2,600 units to the merger, while Outpost adds 1,400. The new company is expected to generate roughly $65 million in annual revenue.
The merger follows Outpost acquiring portfolios from several operators since 2019, including Bedly, interns.nyc and, most recently, Common.
“We built Outpost to be the reliable operator in a very unpredictable industry,” Starostin said. ”Where others chased growth at any cost, we focused on choosing great projects, controlling expenses and treating every building owner
