The Atlanta-based owner and operator is a force to be reckoned with in the Southeast
Quinn Residences has added 820 single-family homes to the scarce housing market, expanding its portfolio in Florida, Georgia and North Carolina and entering a new market through an acquisition in Tennessee.
The recent moves triple Quinn’s portfolio, now with over 3,000 homes in varying development phases across five states. According to Richard Ross, chief executive officer of Quinn Residences, the firm will continue its expansion plans into key growth markets throughout Southeast US.
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“Our trajectory in the Southeast continues to grow as Quinn expands in its existing territories and enters a new one,” Ross said. “The housing market is experiencing unprecedented low inventory, and our goal is to provide even more reasonably priced options for residents in these high-demand markets. Whether it’s someone relocating to the south or looking for a maintenance-free way of living, our build-for-rent homes provide the flexibility and inventory to an industry in need.”
Entering Tennessee, the Atlanta-based owner and operator acquired The Guild in Chattanooga – a community of 92 two-, three- and four-bedroom homes set for completion by Q3 2022.
Quinn also purchased Towns at Lake Nona in St. Cloud, Florida; Moccasin Wallow in Bradenton, Tampa; Dorchester Place in Covington, Georgia; and Stephens Farm in Holly Springs, North Carolina.
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The Florida and Tampa properties will consist of 94 and 260 homes, respectively, with first deliveries scheduled by the end of 2022. Dorchester Place will feature 82 sizable fenced-in detached homes of 2,550 square feet, which will be ready for occupancy around the same time.
On the other hand, Stephens Farm will comprise 292 townhomes unique to this rapidly growing submarket, with construction expected to begin this month.
Quinn has also raised over $900 million of equity, nearly quadrupling its goal of $250 million in the past year.
