Pretium Raises $1.5B for 6th SFR Fund

Pretium, a specialized investment firm with over $50 billion in assets under management, announced the close of its sixth single-family rental housing fund and related vehicles at $1.5 billion, above target, to create more affordable housing in the U.S. The fund invests in build-to-rent single-family homes and communities in suburban markets that experience “above-average population and economic growth,” the firm said.

“We have seen a meaningful opportunity to put capital to work with our homebuilder partners over the last few years as regional banks have pulled back on financing and a high inflationary environment depresses supply,” said Josh Pristaw, Pretium head of real estate. “Investing in new housing supply and empowering builders to build more homes for families is a winning proposition in a market challenged by housing shortages.”

Since 2020, New York-based Pretium has invested more than $2.62 billion toward new build-to-rent construction in the U.S., creating more than 7,800 new homes across 37 cities and 15 states.