Pretium Partners inks deal with Hunter Point Capital

Key Takeaways:

– Pretium Partners announced a strategic partnership with Hunter Point Capital (HPC)
– HPC has a minority investment stake in Pretium
– Pretium has over $50 billion in assets under management and is the largest owner-operator of single-family rental homes in the U.S.
– Pretium’s growth initiatives are being supported by the partnership
– Pretium has 90,000-plus rental homes in its portfolio, with more than half in Sun Belt markets
– HPC’s investment will help Pretium capitalize on opportunities in the residential and credit markets
– Pretium has made other major deals in the past year to expand its presence in the investment home market
– Avi Kalichstein, CEO and co-founder of HPC, looks forward to supporting Pretium as it builds on its success and expands its platform

HousingWire:

Pretium Partners, one of the nation’s largest investors in nonagency residential mortgages, announced the signing Tuesday of a strategic partnership with Hunter Point Capital (HPC) that is designed to support Pretium’s long-term growth.

The deal gives HPC a minority investment stake in Pretium, which has more than $50 billion in assets under management and is the largest owner-operator of single-family rental (SFR) homes in the U.S. Its has 90,000-plus rental homes in its portfolio, with more than half in Sun Belt markets like Florida, Georgia and Texas, according to SFR Analytics.

“During a time of significant growth and consolidation in the alternative asset management industry, HPC’s investment advances many of our top growth initiatives and strengthens our ability to capitalize on the compelling opportunities we see in the residential and credit markets,” Jonathan Pruzan, president of Pretium Partners, said in a statement.

“The persistent undersupply of homes coupled with the disruption in the banking landscape will offer significant investment potential for the foreseeable future.”

Pretium has about 4,400 employees and owns assets in 30 markets across the country. Within the past year, it has announced two other major deals to expand its presence in the investment home market.

In June 2023, the firm acquired 4,000 finished and unfinished homes from builder D.R. Horton in a transaction valued at $1.5 billion. In early February 2024, it announced that it had raised $1 billion with the intent of purchasing built-to-rent properties.

“Pretium’s strategic focus and execution have accelerated its growth into a multi-strategy firm with a national presence and an expanding opportunity set,” Avi Kalichstein, CEO and co-founder of HPC, said in a statement. “We look forward to supporting the talented team at Pretium as the firm builds on its success and expands its platform.”

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Property Chomp’s Take:

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In the world of finance and investment, Pretium Partners recently made headlines with the announcement of a strategic partnership with Hunter Point Capital (HPC). This partnership is aimed at supporting Pretium’s long-term growth in the nonagency residential mortgages sector. With over $50 billion in assets under management and a significant presence in the single-family rental market, Pretium is a major player in the industry.

The partnership with HPC, which includes a minority investment stake in Pretium, is expected to enhance Pretium’s ability to capitalize on opportunities in the residential and credit markets. With a strong focus on growth initiatives and a national presence in 30 markets across the country, Pretium is well-positioned to take advantage of the undersupply of homes and changing dynamics in the banking landscape.

In recent months, Pretium has been actively expanding its portfolio through strategic acquisitions. From acquiring thousands of homes from builder D.R. Horton to raising $1 billion for built-to-rent properties, Pretium’s growth trajectory is impressive. The firm’s multi-strategy approach and expanding opportunity set have garnered attention from industry experts like Avi Kalichstein, CEO and co-founder of HPC.

As Pretium continues to build on its success and expand its platform, the partnership with HPC is expected to play a key role in supporting the firm’s growth objectives. With a talented team and a strong track record in the industry, Pretium is poised for continued success in the competitive world of nonagency residential mortgages and single-family rentals.

In conclusion, the

element may seem like a small piece of the web development puzzle, but its role in creating structure and organization on a webpage is essential. Similarly, partnerships like the one between Pretium Partners and Hunter Point Capital are crucial for driving growth and success in the financial industry. By leveraging the power of collaboration and strategic alliances, companies like Pretium can position themselves for long-term success in a rapidly evolving market.

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