Goldman Sachs Bank closed a new credit facility for Quinn Residences. The new facility provides Quinn Residences with debt capital to facilitate growth.
“This facility, together with our recently announced equity commitment upsizing, provides us with ample committed, attractively priced capital to continue executing our strategy of creating exceptional neighborhoods of reasonably priced single-family rental homes and in high-growth markets throughout the Southeast,” Richard Ross, CEO of Quinn Residences, said. “We look forward to using this capital to partner with leading local builders to deliver new communities of high-quality homes designed to meet the needs of today’s renters and communities.”
Quinn Residences, founded in 2020, owns and operates communities of newly built single-family rental homes in select markets across the southeastern United States, including Georgia, Florida, North Carolina and South Carolina.
