Ukrainian-Founded Coliving Platform Outpost Merges With Competitor
Outpost, a New York–based platform for finding coliving spaces, has announced a merger with June Homes to form the largest coliving operator in the United States. The company revealed the news in a press release. The combined entity, OJH Holdings, will be led by Outpost CEO and co-founder Serhii Starostin, with June Homes CEO Mauricio Zuniga serving as the company’s president.
Deal Details
OJH Holdings will manage roughly 4,000 units across New York, Boston, Washington, Chicago, Los Angeles, San Francisco, and Austin. Of those, June Homes contributes about 2,600 units, and Outpost around 1,400.
- The new company will employ approximately 200 people and offer both of June Homes’ operating models — standard property management and master-leased coliving, providing building owners with multiple options for partnership.
- Annual revenue is expected to reach approximately $65 million. The release also notes that Outpost was already profitable before the merger.
Annual revenue is expected to reach approximately $65 million. The release also notes that Outpost was already profitable before the merger.
The move continues Outpost’s long-term expansion strategy. Since 2019, the company has acquired the portfolios of several operators, including Bedly, interns.nyc, and, most recently, Common Living. The merger with June Homes positions the company to potentially become the market leader in furnished, ready-to-rent properties.
- Financial terms of the merger have not been disclosed. However, the companies confirmed that negotiations, including due diligence and the final closing, took about six months.
«We are proud to officially become one of the leading coliving operators in the US,» Starostin said. «This partnership is not just a deal. It is the foundation for a category leader. And yes — we’re aiming high. ‘The Marriott of Coliving’ is the aspiration, and we’re building the infrastructure, brand, and operating excellence to get there.»
About Outpost
Outpost (previously Outpost Club) was founded in 2015 in New York by Ukrainian expats Shii Starostin and Oleksandr Prykhodko. Valentyn Marhunskyi and Oleksandr Kostromin were also among the original founders. The team invested $250,000 of their own funds to launch the company.
- The business was built around a familiar challenge: housing in major US cities is both expensive and scarce, and, according to Starostin, the situation has only worsened. Many young people can’t afford to rent an apartment on their own, pushing them toward shared living solutions.
- Outpost estimates that furnished rooms and coliving units are typically 30–40% cheaper than studios or one-bedroom apartments. That price gap makes coliving particularly appealing to renters aged 18–34, many of whom arrive in large cities with limited savings and no local network.
Ukrainian-Founded Coliving Platform Outpost Merges With Competitor
Outpost, a New York–based platform for finding coliving spaces, has announced a merger with June Homes to form the largest coliving operator in the United States. The company revealed the news in a press release. The combined entity, OJH Holdings, will be led by Outpost CEO and co-founder Serhii Starostin, with June Homes CEO Mauricio Zuniga serving as the company’s president.
Deal Details
OJH Holdings will manage roughly 4,000 units across New York, Boston, Washington, Chicago, Los Angeles, San Francisco, and Austin. Of those, June Homes contributes about 2,600 units, and Outpost around 1,400.
- The new company will employ approximately 200 people and offer both of June Homes’ operating models — standard property management and master-leased coliving, providing building owners with multiple options for partnership.
- Annual revenue is expected to reach approximately $65 million. The release also notes that Outpost was already profitable before the merger.
Annual revenue is expected to reach approximately $65 million. The release also notes that Outpost was already profitable before the merger.
The move continues Outpost’s long-term expansion strategy. Since 2019, the company has acquired the portfolios of several operators, including Bedly, interns.nyc, and, most recently, Common Living. The merger with June Homes positions the company to potentially become the market leader in furnished, ready-to-rent properties.
- Financial terms of the merger have not been disclosed. However, the companies confirmed that negotiations, including due diligence and the final closing, took about six months.
«We are proud to officially become one of the leading coliving operators in the US,» Starostin said. «This partnership is not just a deal. It is the foundation for a category leader. And yes — we’re aiming high. ‘The Marriott of Coliving’ is the aspiration, and we’re building the infrastructure, brand, and operating excellence to get there.»
About Outpost
Outpost (previously Outpost Club) was founded in 2015 in New York by Ukrainian expats Shii Starostin and Oleksandr Prykhodko. Valentyn Marhunskyi and Oleksandr Kostromin were also among the original founders. The team invested $250,000 of their own funds to launch the company.
- The business was built around a familiar challenge: housing in major US cities is both expensive and scarce, and, according to Starostin, the situation has only worsened. Many young people can’t afford to rent an apartment on their own, pushing them toward shared living solutions.
- Outpost estimates that furnished rooms and coliving units are typically 30–40% cheaper than studios or one-bedroom apartments. That price gap makes coliving particularly appealing to renters aged 18–34, many of whom arrive in large cities with limited savings and no local network.
