Quinn Residences Closes Strategic Investment Led By Conversant Capital

Quinn Residences ("Quinn" or the "Company"), a leading owner and operator of dedicated, newly-built communities of single-family rentals, today announced a final closing led by Conversant Capital ("Conversant") and including Monarch Alternative Capital ("Monarch") and other strategic investors for more than $750 million of committed equity to develop single-family rental communities in the Southeastern United States. Conversant is the majority shareholder of Quinn. The final closing amount significantly exceeds the Company's previously announced target of $600 million. In conjunction with Monarch's investment, Adam Sklar, Managing Principal and Co-Head of Real Estate at Monarch, has joined Quinn's Board of Directors.