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US: New York-based Outpost has merged with June Homes, creating the largest coliving operator in the US, with around 4,000 units under management.
The combined company (OJH Holdings) has units across New York City, Boston, Washington D.C., Chicago, Los Angeles, San Francisco and Austin. The combined entity will be led by Outpost CEO Sergii Starostin, while June Homes CEO Mauricio Zuniga will become president.
The merger brings together two companies that have taken notably different paths through a turbulent period in flexible housing. While many venture-backed competitors expanded quickly and ultimately collapsed under heavy burn rates, both Outpost and SoftBank Ventures Asia-backed June Homes focused on fundamentals: strong operations, disciplined cost control and deep partnerships with landlords. With June Homes contributing approximately 2,600 units and Outpost contributing 1,400, the merger creates a platform with national scale. The new company is expected to generate roughly $65 million in annual revenue.
Since 2019, Outpost – formerly known as Outpost Club – has taken over portfolios from several operators, including Bedly, interns.nyc and, most recently, Common. The June Homes merger expands Outpost’s footprint while adding a seasoned operations team that will remain in place as part of the combined company. The newly merged organisation, which will employ approximately 200 people, will continue to offer both of June Homes’ operating models (standard property management and master-lease coliving) giving landlords multiple options.
Outpost CEO Sergii Starostin said: “We built Outpost to be the reliable operator in a very unpredictable industry. Where others chased growth at any cost, we focused on choosing great projects, controlling expenses and treating every building owner like a long-term partner. That discipline is exactly what we saw in June Homes’s team and are excited to merge the two entities to continue growing while so many others have disappeared.”
Dan Mishin, the founder of June Homes, added: “We created June Homes to bring more transparency into the rental market and make the process easier for both renters and landlords. Now, we’re excited to join forces with Outpost to continue that effort by creating a market leader in the flexible living category positioned for further expansion and acquisitions.”
Highlights:
• New York-based Outpost has merged with June Homes, creating the largest coliving operator in the US, with around 4,000 units under management
• The combined company (OJH Holdings) has units across New York City, Boston, Washington D.C., Chicago, Los Angeles, San Francisco and Austin
• The combined entity will be led by Outpost CEO Sergii Starostin, while June Homes CEO Mauricio Zuniga will become president
