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Zillow Selling More Homes to Pretium as Flipping Effort Ends

  • Firms have pair of new deals for more than 1,200 properties
  • Exit from iBuying unit comes in hot U.S. housing market
The Zillow website.

The Zillow website.

Photographer: Tiffany Hagler-Geard/Bloomberg
Updated on

Zillow Group Inc. is selling additional homes to Pretium Partners as it unwinds its tech-powered home-flipping operation, according to people familiar with the matter.

New York-based Pretium, the second largest single-family landlord in the U.S., recently acquired more than 800 properties from Zillow for nearly $300 million, one of the people said. The companies also have an agreement on 400 more homes that Pretium is buying for roughly $150 million.