real estate investment management firm Pretium Partners is acquiring thousands of homes from the home construction company DR Horton Inc. in a $1.5 billion deal, as Bloomberg informed earlier.
Thank you for reading this post, don't forget to subscribe!The deals include a combination of completed homes and homes that are not yet finished, according to the outlet, which cited people familiar with the transaction who asked not to be named.
Neither company immediately commented to Bloomberg about the deal.
The transaction includes more than 4,000 homes, primarily located in high-demand markets in the Southeast and Southwest. wall street journal informed of. The houses planned as rentals have already been leased out.
The deal comes at a time when the dearth of home inventory for sale is increasing appetite for homebuilders.
The transaction could signal the re-entry of investors into the housing market after institutional investors dumped properties towards the end of 2022 following a fall in housing prices across the country.
Founded in 2012, the Pretium platform leverages investment and lending opportunities and holds over $50 billion in assets with real estate investments across 30 markets in the US, according to the firm.
