Pretium Partners, a real estate investment firm, is acquiring thousands of homes from D.R. Horton Inc. in a $1.5 billion deal. The deal is the latest sign that investors are betting on the continued strength of the U.S. housing market.
Pretium Partners is acquiring the homes through its fund, Pretium Mortgage Credit Partners LP. The fund will purchase the homes from D.R. Horton over the next two years.
The deal is a win for both companies. Pretium Partners gets to invest in a rapidly growing market, and D.R. Horton gets to free up cash to invest in other areas.
The deal is the latest in a series of big bets on the U.S. housing market by investors. In the past year, pension funds and other large investors have been pouring money into the market, betting that the housing recovery is here to stay.
You can read this full article at: https://www.housingwire.com/articles/pretium-partners-to-acquire-4000-d-r-horton-rental-homes-in-1-5b-deal/(subscription required)
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