A Quinn Residences neighborhood in Morrisville, N.C.

A $750 million equity investment in single-family rental platform Quinn Residences has closed.

Quinn’s majority shareholder, Conversant Capital LLC, led the investment, which included Monarch Alternative Capital and other strategic investors. The investment was originally expected to total $600 million.

“This further investment will enable us to expand our business and create additional neighborhoods of modern single-family rental homes with the amenities and features our residents desire and, in turn, add much needed supply of new reasonably priced rental homes in the high population-growth markets of the Southeastern United States,” Richard Ross, CEO of the Atlanta-based landlord, said a press release.

Quinn owns more than 1,000 three- and four-bedroom fully amenitized homes across eight communities in Florida, Georgia and the Carolinas. It is under contract to purchase another 1,500 homes that are being built for its communities by year end.

Managing principal and co-head of real estate at Monarch Adam Sklar joined Quinn’s board of directors in conjunction with the firm’s investment.

“[Quinn] is well positioned for expansion in these rapidly growing markets that benefit from compelling supply and demand fundamentals,” Sklar said. “Together with best-in-class partners like Conversant, we look forward to supporting Quinn in its next stage of development and continued leadership in an attractive segment of the residential real estate market.”

PJT Park Hill served as the exclusive placement agent for the Conversant SFR Fund LP, and Fried Frank Harris Shriver & Jacobson LLP served as legal counsel for Conversant. DLA Piper served as legal counsel for Quinn.