Single-family rental owner-operator Quinn Residences promoted President and CFO Richard Ross to CEO and named QTS Realty’s director of strategic planning and investments, James Howley, as chief investment officer.
“The incredible progress that Quinn has made since its founding is a testament to the thoughtfulness, creativity, and commitment demonstrated by Richard and the team he has assembled, and there is no better person to lead the company as it continues to evolve,” said Michael Simanovsky, founder and managing partner of Conversant Capital and Quinn’s chairman of the board. “Today’s appointments, coupled with the sizable investment that we led in the company earlier this year, ensure Quinn has the strategic, management and financial resources to fully capitalize on its incredible growth opportunities.”
Atlanta-based Quinn has an existing portfolio of more than 1,000 homes in seven markets in North Carolina, South Carolina, Georgia and Florida. The company expects to double its portfolio in 2022. It recently acquired the 270-townhome section of the Covington Town Center mixed-use development currently under construction in Covington.
“The single-family rental market, and the build-to-rent sector in particular, has reached an inflection point as residents, municipalities and other stakeholders have all come to recognize the demographically driven demand it is meeting and the value it provides,” Howley said in a release.