Conversant Capital LLC

Thank you Hunter Hopcroft for publishing such a thoughtful piece on the senior living sector and for highlighting all the positive change that has resulted from the partnership between Sonida Senior Living and Conversant Capital LLC. Lots more to do! https://lnkd.in/gvGhzPhf

We are thrilled to announce the closing of a $350 million expansion of our existing revolving credit facility led by JPMorgan Chase Bank, increasing our committed borrowing capacity to $850 million. This strategic move allows us to pursue opportunities that align with our mission to provide well-maintained, amenity-rich rental homes at reasonable prices and fuels our vision of addressing the U.S. housing shortage through modern, dedicated single-family rental communities.   Read the full press release: https://lnkd.in/gbYyHCQU

Exciting news! Quinn Residences is featured on the cover of the latest issue of REI INK Magazine! 🎉 The article covers our story from inception, our unique approach to catering to the growing demand for spacious, single-family rentals with modern amenities, and our vision for the future of dedicated rental communities. We believe there's more to Built-to-Rent than "just building 150 homes in a neighborhood." These additional dimensions are what distinguish Quinn Residences from other rental and development companies. Head over to https://lnkd.in/dzUu4vAH to read the full article and discover how Quinn Residences can redefine your renting experience! #DRC #SFR #BTR #housingmarket

Breaking down the senior housing capital cycle over the last 30 years illustrates why it's such a compelling asset class right now. I learned this from Mike Simanovsky of Conversant Capital, whose capital cycle lens has him bullish on senior housing. The capital cycle dictates that high asset valuations and returns encourage a supply-side response, as new entrants chase those returns. Eventually, oversupply pushes returns below the cost of capital, at which point distress and consolidation happen. This is an exciting time to enter as a countercyclical investor, because you're buying as supply contracts which eventually drives an expansion of valuations and returns. After a roughly 20-year roundtrip through the capital cycle, we're now at (or near) a cycle bottom for senior housing. Specifically: - Supply growth has substantially contracted and may even go negative as the lowest quality inventory gets repurposed to other uses (mostly behavioral health facilities) - The demand picture is strong - baby boomers are aging into senior living - Banks are getting tired and selling nonperforming loans - Sellers are fatigued and exiting - There's a long runway of industry growth ahead of us There are no guarantees in investing, but this is a compelling picture. I share Mike's bullish view.

Looking to add an Investor Relations Associate to our team. Referrals are always appreciated!

We are also looking for a new Investor Relations Associate to join our growing Investor Relations Team. Details attached.

We are looking for a new Controller to join our growing Finance and Accounting Team. Details attached.

We are also looking for a new Investor Relations Associate to join our growing Investor Relations Team. Details attached.

We are looking for a new Controller to join our growing Finance and Accounting Team. Details attached.