Rental-Home Giant Pretium Sells Stake to Hunter Point to Fund Growth Push
- Largest rental-house landlord aims to move into new businesses
- Deal is part of a strategic partnership between the two firms
Pretium has emerged as the largest single-family landlord in the US with a portfolio of 100,000 rental homes.
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Pretium, the US housing giant led by former Goldman Sachs Group Inc. partner Don Mullen, is selling a minority stake in the firm to Hunter Point Capital as it seeks financial muscle for new initiatives.
The investment is part of a strategic partnership between Mullen’s firm and Hunter Point, founded by Avi Kalichstein and Bennett Goodman, according to a statement Tuesday. The new capital will also help Pretium expand existing businesses. Terms weren’t disclosed.