Quinn Residences raises $750m for single-family rental investments
Quinn Residences has raised more than $750 million for a fund focused on developing single-family rental communities in the Southeastern United States.
The final close surpassed the company’s target of $600 million. The fundraising was led by Conversant Capital, the majority shareholder of Quinn, and included Monarch Alternative Capital as well as other strategic investors.
Quinn Residences currently owns more than 1,000 three- and four-bedroom fully amenitized homes across eight communities located in Florida, Georgia and the Carolinas and is under contract to purchase another 1,500 homes that are being built for its communities by the end of the year.
In conjunction with the investment, Adam Sklar, managing principal and co-head of real estate at Monarch, has joined Quinn's board of directors.