New Combined Platform Will Manage Over 4,000 Units Across Seven Major Cities Amid Historic Housing Affordability Crisis

Outpost, the fast-growing, New York-based coliving operator, announced that it has merged with June Homes creating the largest coliving operator in the United States. The combined company (OJH Holdings) will boast roughly 4,000 units across New York City, Boston, Washington D.C., Chicago, Los Angeles, San Francisco and Austin, further solidifying Outpost’s position as the sector’s most durable operator at a moment when affordability has emerged as the defining challenge for young renters. The combined entity will be led by Outpost CEO Sergii Starostin, while June Homes CEO Mauricio Zuniga will become President of the new entity.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251124028242/en/

Outpost coliving residents hang out together in one of their apartment's shared spaces

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 real national scale, and crucially, one that is profitable and positioned to last.

The new company is expected to generate roughly $65 million in annual revenue. The financial performance, combined with scale across multiple major markets, make Outpost one of the only national coliving operators that has achieved scale and profitability.

For Outpost CEO Sergii Starostin, the announcement marks the latest step in a strategy that has been quietly unfolding for years. Since 2019, Outpost has taken over portfolios from several operators, including Bedly, interns.nyc and, most recently, Common. In each instance, Outpost stepped in when others faltered, stabilizing properties, ensuring continuity for tenants and restoring confidence for building owners. The June Homes merger expands Outpost’s footprint while adding a seasoned operations team that will remain fully in place as part of the combined company. The newly merged organization, which will employ approximately 200 people, will continue to offer both of June Homes’ operating models (standard property management and master-lease co-living) giving landlords multiple options for success.

“We built Outpost to be the reliable operator in a very unpredictable industry,” Starostin said. “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.”

The merger arrives during an unprecedented affordability crisis. High interest rates, soaring rents, under built housing stock and delayed home buying have created enormous pressure on young professionals trying to establish themselves in big cities. Outpost estimates that its furnished rooms and co-living offerings are typically 30 to 40 percent cheaper than local studios or one-bedrooms, making co-living an essential stepping stone for renters aged 18 to 34 who often arrive in cities with limited savings and local network.

“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,” Dan Mishin the Founder of June Homes said.

Surveys conducted by Outpost show that more than 70 percent of newcomers find it “hard” to secure housing within their budgets and more than half say they would prefer a private apartment if it were not cost-prohibitive; underscoring the role co-living plays in helping young adults simply get a foothold in high-cost cities.

Beyond affordability, coliving continues to appeal to renters seeking community. Outpost plans to expand June Homes’ well-developed events and community programming across its entire portfolio, offering residents not just a place to sleep, but a way to connect.

Starostin, who co-founded Outpost in 2016 after immigrating to the United States and personally experiencing the challenges of finding affordable housing, sees the merger as the foundation of his next decade-long vision: building what he describes as a “Marriott for coliving,” a unified brand that makes medium- and long-term furnished rentals as easy as booking a hotel room. Over the next five years, he aims to grow revenue to more than $500 million, expand into new U.S. and international markets and continue consolidating operators that need a stronger, more stable platform.

“The way people live shapes Outpost,” Starostin said. “Young people still want to move to big cities. They still want opportunity. What they need is a way to afford it, and that’s the problem we’re here to solve. Thankfully, now at a national scale.”

About Outpost:

Outpost, a leading New York-based real estate management and co-living operating company, manages nearly one million square feet comprising over 1500 tenants across nearly 50 buildings. Born out of the founders’ desire to create a less burdensome and more affordable way for young people to secure housing in New York City, Outpost helped pioneer the concept of “co-living” by creating furnished shared spaces that were not only appealing, but engendered a sense of community. Outpost services both tenants and landlords equally by partnering with building owners to increase the building’s efficiency and occupancy, all the while fundamentally reducing the overall cost for the renters in popular locations.

About June Homes:

June Homes is a proptech startup that’s challenging outdated practices to improve the rental experience for tenants and smaller landlords, leading to a substantially better renter experience. Members can discover, apply and move into their new home in as little as three hours, with no broker fees, fair market prices and 24/7 support. On the landlord side, June is a turn-key partner that delivers better financial returns, while efficiently managing properties. June Homes has served thousands of tenants across NYC, Boston, Chicago, DC, San Francisco, Los Angeles, and Austin.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251124028242/en/

"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."