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Quinn Residences, an Atlanta-based owner and operator of newly built single-family rental communities today announced the acquisition of six additional properties throughout Georgia, Florida and the Carolinas. These future communities, which will be built expressly for Quinn by local development partners, will increase Quinn’s portfolio by more than 50%, to nearly 2,300 homes across 17 sites.
“The addition of these six communities supports our strategy of expansion by creating new communities of high-quality, thoughtfully designed homes at reasonable price points in some of America’s fastest growing housing markets,” said Richard Ross, Chief Executive Officer of Quinn Residences in a statement. “We are excited to continue our strong growth trajectory, welcome new residents to the Quinn family and help address the urgent need for additional housing supply in the regions we operate in.”
Eleven Oaks in Eustis is located north of Orlando, one of the top markets in Florida. This mixed build-for-rent community will consist of 35 three-bedroom two-bathroom single-family detached houses and 34 two- and three-bedroom townhomes ranging from 1,335 to 1,650 square feet. Eleven Oaks will be completed in June of 2022.
Quinn Residences is a privately held real estate operating company focused on acquiring, developing, and operating newly built, single-family rental communities located primarily in the Southeastern United States.