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Quinn Residences, an Atlanta-based owner and operator of newly built, single-family rental communities, acquired five properties in the Southeast, adding 820 homes to its portfolio. The acquisitions expanded the company’s build-to-rent portfolio in Florida, Georgia, and North Carolina, and marked its entrance into the Tennessee market.

“Our trajectory in the Southeast continues to grow as Quinn expands in its existing territories and enters a new one,” says Richard Ross, CEO of Quinn Residences. “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.”

Quinn entered the Tennessee market with its acquisition of The Guild in Chattanooga, a community of 92 two-, three-, and four-bedroom homes. The homes in the community are planned to be completed by the third quarter of 2022.

The acquisitions of Towns at Lake Nona in St. Cloud and Moccasin Wallow in Bradenton further expands Quinn Residences’ presence in the Florida market. The two properties will consist of 94 and 260 homes, respectively, with first deliveries scheduled by the end of 2022.

Quinn Residences also acquired Dorchester Place in Covington, Georgia, the company’s eighth property in the state. The community will feature 82 fenced-in, detached homes averaging 2,550 square feet, which will be ready for occupancy in early December.

The acquisition of Stephens Farm in Holly Springs expands the company’s portfolio in North Carolina. Stephens Farm in Holly Springs will comprise 292 townhomes, with construction expected to begin this month.

Quinn Residences has tripled its portfolio over the past year to more than 3,000 homes in varying development phases across 22 communities in five states. The privately held real estate operating company is focused on acquiring, developing, and operating single-family rental communities.