Quinn Residences (“Quinn” or the “Company”), the largest pure-play owner of high-quality, purpose-built communities of single-family homes for rent in the Southeastern United States, announced today the closing of a $500 million revolving credit facility (the “Facility”) led by JPMorgan Chase Bank. An accordion feature permits the Company to increase the borrowing capacity up to $1.5 billion. This Facility provides the Company with additional financial resources and flexibility to support its growth plans through a range of activities, including acquiring land for development, building new homes, and purchasing completed communities.

Atlanta-based Quinn Residences has acquired five build-to-rent single-family communities across the Southeast. The properties encompass 820 homes in different development phases in Florida, Georgia, North Carolina, and Tennessee — a new market in the company’s portfolio.