June Homes, one of our investee companies, has merged with Outpost to form the largest co-living platform in the United States, managing about 4,000 units across seven major cities. The newly combined company, OJH Holdings, will be led by Outpost CEO Sergii Starostin, with June Homes CEO Mauricio Zuniga as President. This merger brings together two companies known for disciplined growth and strong operations, creating a profitable and scalable national platform.
Unlike many competitors who struggled with rapid expansion, both Outpost and June Homes focused on partnering with landlords and controlling costs, allowing them to survive industry turbulence. Outpost has a track record of stabilizing portfolios from other failed operators, while June Homes adds a robust operations team to the combined entity. The merger will maintain both companies’ operational models, offering landlords flexible management options and employing about 200 people.
This move comes during a housing affordability crisis, with Outpost’s co-living offerings typically 30-40% cheaper than traditional rentals, making them vital for young professionals in expensive urban markets. Surveys show most newcomers struggle to find affordable housing, highlighting the importance of co-living solutions. Outpost aims to expand community programs and grow its presence nationally and internationally, positioning itself as a dominant and reliable operator in the sector.
We hope that joined forces will create a market leader in the flexible living sector, paving the way for further growth and new opportunities for expansion.
