NEW YORK, July 10, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Jason Lewis has joined the firm as a Managing Director and Portfolio Manager on the Real Estate team. Mr. Lewis will be focused on the performance and expansion of Pretium’s single-family rental (“SFR”) vehicles.

Mr. Lewis brings over 15 years of experience in managing large, diversified real estate portfolios across product types and investment strategies. His experience spans portfolio construction, asset management, capital raising, performance measurement, and he has overseen more than $10 billion in investment transactions. Mr. Lewis joins Pretium from UBS Realty Investors, where he served as an Executive Director and Portfolio Manager. Before UBS, Mr. Lewis was the Head of Asset and Portfolio Management at CA Residential. He began his real estate career at Capri Capital Partners, LLC., most recently as a Partner, Head of Asset Management and lead portfolio manager for some of the firm’s largest separate accounts and commingled fund vehicles.

“The addition of Jason to our growing Real Estate team demonstrates the continued success of our strategy and our platform,” said Josh Pristaw, Senior Managing Director and Head of Real Estate at Pretium. “We are excited to welcome Jason to Pretium, and I am confident his expertise in executing winning portfolio management strategies and forming strong client relationships will be an asset to our firm.”

“Pretium is a leader in the single-family rental industry and has a strong track record of delivering value for its stakeholders,” said Mr. Lewis. “I am looking forward to partnering with such a talented team and to leveraging my experience as we expand the firm’s investment management capabilities, optimize portfolio performance for its global investor base and continue to pursue innovation within the housing sector.”

Mr. Lewis earned a Master of Business Administration, with a concentration in Real Estate and Finance from Columbia Business School and a Bachelor of Science in Mathematics from Morehouse College.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK – March 20, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Melanie Gersper has joined the firm as Managing Director, Asset Management. In this role, Ms. Gersper will lead the asset management of Pretium’s equity real estate portfolio across the United States, including more than 90,000 single-family residential homes managed by Progress Residential as well as Pretium’s build-to-rent platform.

Ms. Gersper brings a proven track record and more than 25 years of experience managing large residential real estate portfolios, including multi-family rentals, and has been responsible for operating stabilized assets and overseeing complex development projects across multiple geographies. Most recently, she served as ACRE’s Chief Operating Officer since 2015, where she was responsible for the oversight of property management and asset management. She also had a meaningful role in acquisitions and dispositions. Prior to joining ACRE, Ms. Gersper held senior leadership roles at residential companies including Chief Operating Officer at CF Lane, Senior Vice President of Operations at Bell Partners, President of Operations for Cortland Partners, and Regional Vice President of Lane Company.

“Melanie’s success driving operational performance across a variety of residential real estate portfolios will be invaluable as we continue to scale and optimize our business,” said Josh Pristaw, Senior Managing Director and Head of Real Estate. “We are confident she will have an immediate impact at both the individual asset and broader portfolio level, and I look forward to working with her during our next phase of growth.”

“Pretium has built the leading and most innovative single-family rental platform in the United States, and I am proud to join such an incredible team,” said Ms. Gersper. “As Pretium continues to grow, I look forward to leveraging my real estate operating experience to deliver even greater value for our stakeholders.”

Ms. Gersper earned a Bachelor of Science in Business Administration from Bowling Green State University.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK – March 13, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that Julie Harbert has joined the firm as Senior Managing Director and President of Pretium Enterprise Services. In this newly created role, Ms. Harbert will be responsible for building and leading the firm’s shared service solutions, including through enhanced technology, services, and processes that create scale and deliver long-term value for stakeholders. She will be a member of the firm’s Executive Committee.

Ms. Harbert brings more than 25 years of experience in business operations. Most recently, she served as Entergy’s Senior Vice President and Chief Administrative Officer, where she was responsible for building high-performing teams enterprise-wide. Prior to joining Entergy, Ms. Harbert was Senior Vice President and Group Head of Global Business Services at Philips. Ms. Harbert began her career at IBM, where she built a strong record of execution in numerous roles, including as Vice President and Chief Operating Officer of Global Process Services.

“Julie has an impressive track record of successfully leading continuous improvement for large, complex organizations,” said Chris Weidler, Chief Financial Officer of Pretium. “We are excited to welcome her to Pretium and look forward to optimizing our solutions, services, and processes enterprise-wide under her leadership.”

“I am honored to join Pretium at a time of significant growth and innovation,” said Ms. Harbert. “I look forward to building on the strong foundation already in place at Pretium and working collaboratively across the ecosystem to deliver premium shared services that generate long-term value for our stakeholders.”

Ms. Harbert currently serves on the board of directors for the Louisiana Children’s Museum and Shared Services Network (SSON) Europe. She holds a Master of Business Administration degree with a focus on International Finance and Economics from the Fuqua School of Business at Duke University, and a Bachelor of Science in Accounting from West Virginia University.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK – March 8, 2023 – Pretium, a specialized investment firm with over $50 billion in assets under management, and iCapital¹, the global fintech platform driving access to alternative investments for the wealth management industry, today announced a custom technology and distribution agreement.

“We’re excited about our new partnership with iCapital and the range of tech-enabled solutions it will unlock for our private wealth investors and their advisors now and into the future,” said Don Mullen, Founder and CEO of Pretium.

Since its founding in 2013, iCapital’s end-to-end digital platform has efficiently improved the client experience through automated subscriptions, investment process transparency, and the seamless integration of alternative investment performance and reporting.

“We are thrilled to partner with Pretium to support their priority of providing institutional-style access of alternatives to advisors and their clients,” said Lawrence Calcano, Chairman and CEO of iCapital.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Institutional Capital Network, Inc. or its affiliates (together “iCapital”). Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. The information contained herein is subject to change and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and iCapital assumes no liability for the information provided.

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Securities and services may be offered through iCapital Securities, LLC, Axio Financial LLC, and/or SIMON Markets LLC, each of which is a registered broker/dealer, member FINRA and SIPC, and subsidiary of Institutional Capital Network, Inc. (“iCapital”). iCapital Advisors, LLC, a subsidiary of iCapital, is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.

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NEW YORK – February 13, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced its 2023 promotions to Managing Director, effective January 1, 2023.

“The promotions announced today highlight our deep bench of talent across the organization, our leaders’ diversity of background and thought, and the important work underway at Pretium,” said Don Mullen, Founder and CEO of Pretium. “We extend our congratulations to our emerging leaders, and we look forward to benefitting from their contributions as we continue to build our diversified investment platform and enhance our capabilities.”

The following individuals have been promoted to Managing Director:

• Michael Polsinelli, Finance
• Genie Pusey, Business Development
• Steve Satriano, Finance
• Daniel Sikora, Residential Credit
• Nishu Sood, Real Estate Research & Analytics
• David Stolldorf, Capital Markets
• Cheryl Zabala, Legal & Compliance

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK, February 7, 2023 – Pretium, a specialized investment firm with approximately $50 billion in assets under management, today announced that Emily Stecher has joined the firm as Managing Director and Chief Operating Officer of the Business Development team. In this newly created role, Ms. Stecher is responsible for bolstering the firm’s product and strategy creation, as well as optimizing client engagement efforts.

Ms. Stecher brings extensive experience applying exceptional business and financial acumen for diverse funds and investments. Prior to joining Pretium, Ms. Stecher held roles of increasing responsibility at Goldman Sachs, where she most recently served as Managing Director, Head of U.S. Wealth Management Alternative Sales, and was responsible for distributing alternative investment products to US-based financial intermediaries. Previously, she was a Vice President, Head of Product Strategy & Development and a Vice President in the Alternative Capital Markets group at Goldman Sachs. Ms. Stecher began her career as a Management & Strategy Analyst in Goldman’s Private Wealth Management business. During her tenure at Goldman Sachs, Ms. Stecher oversaw a broad range of activities, including managing a multi-billion-dollar annual budget, developing and executing on new business opportunities for GSAM alternative investment funds and directing a secondary private equity program for clients.

“At Pretium, our entrepreneurial spirit and steadfast commitment to unlocking value for our stakeholders set us apart,” said Lee Alexander, Senior Managing Director and Chief Operating Officer at Pretium. “As we continue to expand the exceptional team we have in place, Emily’s significant experience stewarding diverse strategic initiatives will be an invaluable asset as we enhance our platform and capabilities.”

“Emily is a dynamic leader, and we are thrilled that she’s joined the Pretium team,” said Jennifer Strickland, Senior Managing Director and Head of Business Development at Pretium. “Her background and direct and insightful approach make her the perfect fit for Pretium, and I look forward to working with her to advance our product development and capital raising capabilities, while continuing to optimize how we engage with clients.”

“Pretium is a unique firm on a remarkable growth trajectory, and I am excited to join a team of innovative, specialized professionals,” said Ms. Stecher. “I look forward to supporting the firm’s mission and success by identifying new products and further opportunities to deliver tailored solutions for Pretium’s stakeholders.”

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK, Jan. 23, 2023 — Pretium, a specialized investment firm with more than $50 billion in assets under management, today released the following letter sent by Don Mullen, the firm’s Founder and CEO, to President of the United States Joseph R. Biden, Jr.

Dear Mr. President:

I am writing regarding your Administration’s ongoing efforts to address some of our nation’s most urgent housing challenges. The government, in good faith partnership with the private sector, has a tremendous opportunity to drive long-term, sustainable housing affordability and supply. At Pretium, we have more than $50 billion in assets under management and more than 4,000 employees supporting residential investments (including residential real estate and mortgage finance), as well as corporate and structured credit. Our single-family rental (SFR) platform, Progress Residential, currently manages over 90,000 homes across 30 markets in the United States. Our size and scale provide a unique vantage point from which to advocate for innovative ways the public and private sectors can work together to achieve long-term economic growth and equality. Through collaboration, we can increase rental housing supply, invest in historically disinvested neighborhoods, and eliminate outdated and discriminatory zoning laws. 

Progress Residential has already outlined a comprehensive housing affordability plan, and we appreciate the opportunity to participate in recent White House-led conversations with housing providers about resident-centered property management practices. We look forward to continuing to engage in conversations regarding viable public-private housing solutions and, to that end, encourage consideration of the following proposals by your Administration and bipartisan policymakers in Congress: 

• Revitalize Single-Family Housing Supply. Freddie Mac has estimated the undersupply of homes at nearly 4 million units¹, a supply-demand imbalance that has been building for several decades. The problem is particularly acute in the market for entry-level homes. According to the Bipartisan Policy Center, the number of new entry-level homes built in the 1970s routinely surpassed 420,000 every year. By comparison, in 2020, just 65,000 new entry-level homes were built.²
• Revitalize Single-Family Housing Supply (continued). Exacerbating this problem is what the Joint Center for Housing Studies of Harvard University refers to as “rental deserts” – the absence of rental housing options in 31 percent of all neighborhoods nationally – which contribute to ongoing socioeconomic inequality and racial segregation.³ We believe there is an urgent need for the federal government to partner with real estate owners to revitalize single-family homes and create programs that support comprehensive housing supply efforts. One policy initiative that the federal government could model or further incentivize are the real estate tax abatements that select states, counties, and cities have offered to encourage longer-term affordable housing, such as the development of new and the preservation of existing SFR housing. A second policy initiative we support, and have submitted public comments on, is extending the Green and Resilient Retrofit Program (GRRP), created by the Inflation Reduction Act of 2022 (Pub. L. 117–169), to single-family assisted housing as well.
• Increase Private Sector Participation in the Section 8 Housing Choice Voucher (HCV) Program. Today, a persistent gap exists in many public housing authority jurisdictions between the number of Housing Choice Vouchers authorized by the U.S. Department of Housing and Urban Development (HUD) and the number of vouchers actually being used, due to a lack of rental owners’ participation in the program. In order to increase owner-operator participation in the HCV program, Pretium and Progress Residential join other private sector colleagues – including the National Apartment Association and the National Multifamily Housing Council – in endorsing the bipartisan Choice in Affordable Housing Act (S. 1820/H.R. 6880) to reduce administrative burden. In addition, we support the full and immediate implementation by HUD of the flexibilities provided through the Housing Opportunity Through Modernization Act of 2016 (HOTMA; Pub. L. 114-201) including, but not limited to, biennial inspections, paying Housing Assistance Payments (HAP) to landlords prior to inspection, and use of remote virtual inspection. Finally, to provide the benefits of housing innovations and efficiencies to HCV residents, we also propose a new HUD pilot program within Moving to Work (MTW) agencies in 3-5 geographically diverse cities focused on promoting housing choice and equitable access to single-family neighborhoods.
• Enhance Single-Family Homeownership Opportunities for Underserved Communities. To increase access to homeownership for underserved communities, we propose a new HUD demonstration program where SFR owner-operators could partner with HUD and third-party community-based nonprofit organizations through the currently underutilized HCV Homeownership Program. Participating owner-operators would provide homeownership inventory for the program. In addition to the expenses currently covered under the HCV Homeownership Program⁴, piloted expenses paid for by HUD would include financial literacy education, homeownership counseling, down payment and closing cost assistance, and coordination with the Federal Housing Administration (FHA) single-family first-time homebuyer programs to eliminate regulatory obstacles.
• Create Viable Rent-to-Own Options for Consumers. While the United States continues to enjoy historically high homeownership rates (the national homeownership rate was 66% in the third quarter of 2022)⁵, we could do even more to promote sustainable homeownership. As a 2017 study by the Terner Center for Housing Innovation at the University of California Berkeley noted, “public policy can play an important role in supporting the development of new private mortgage products, and ensuring they benefit consumers…FHA already has the authority and infrastructure in place to offer an assumable mortgage, which would benefit both nonprofits and private entities seeking to launch lease-purchase models. In addition, the complexity of lease-purchase – and determining whether it is the best option based on a household’s finances and future expectations about mobility and house prices – means that any lease-purchase product needs to be accompanied by transparent contracts, effective regulations, and consumer education. FHA and the Federal Housing Finance Agency (FHFA) are in a unique position to provide that type of stewardship and oversight, as well as help to analyze data and evaluate programs to identify and support the expansion of responsible, scalable models.”⁶ We propose the establishment of a public-private working group – that builds upon FHA’s and FHFA’s existing authority – to create viable SFR rent-to-own options for consumers nationwide. Coupled with the aforementioned proposals to augment our nation’s SFR housing supply, we could meaningfully increase homeownership conversion rates for individuals and families who currently rent, but aspire to be homeowners.
• Provide Federal Tax Credit for Renters. At Pretium and Progress Residential, we strongly believe in the dignity of renting. As the Urban Institute points out, “US tax policy has historically discriminated against renters and favored homeowners”⁶ thereby contributing to racial and economic inequality. During your Presidential campaign, you proposed a refundable tax credit for renters equal to the difference between 30 percent of household income and the lesser of gross rent paid and local fair market rent. We encourage you to endorse this proposal again and to push for bipartisan passage in the House and Senate. 

In closing, Mr. President, I agree with you that every American should have “access to housing that is affordable, stable, safe and healthy, accessible, energy efficient and resilient, and located near good schools and with a reasonable commute to their jobs.”⁷ To achieve this goal, however, we must build a more inclusive housing model that envisions single-family rental housing stability as a key pillar. Single-family rentals offer a unique opportunity to address our national housing crisis and have the ability to contribute to family stability, economic mobility, and positive health outcomes. SFR can provide families access to neighborhoods that have lower poverty and crime rates, higher performing schools, more mixed incomes and other amenities families seek. Pretium and Progress Residential are dedicated to creating equitable outcomes for the residents who choose to live in our communities and have adopted management practices that are designed to provide opportunities for wealth building and homeownership. 

I welcome the opportunity to discuss these proposals with you and your team in greater detail and look forward to working together to create sustainable, bipartisan, publicprivate solutions for our nation’s housing challenges. 

Thank you for your consideration. 

Sincerely, 

Don Mullen,
CEO & Founder

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

Contacts

Jon Keehner / Kate Thompson / Lyle Weston
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

CHARLOTTE, NC and NEW YORK (January 19, 2023) – Crescent Communities and Pretium are pleased to announce leasing will begin soon at HARMON Five Points, the fourth build-to-rent (BTR) community under development, and the second in Charlotte, as part of their previously announced joint venture. The community is comprised of 76 BTR homes with accompanying shared amenities. Progress Residential, Pretium’s single-family rental management services platform, is providing the leasing and property management services.

HARMON Five Points offers residents the option to rent three-story townhomes with three bedrooms, three and a half baths, outdoor balconies, private garages, and driveways. Interior finishes include modern, stainless-steel appliances, granite countertops, elevated flooring, spacious nine-foot ceilings, ample window exposure for natural light, and SMART home technology. The community is the first for the HARMON brand to be certified by the National Green Building Standard (NGBS), a residential building certification for sustainable construction and development. Each home is designed to be energy and water efficient, while offering residents a greater degree of comfort and lower utility bills.

Residents of HARMON Five Points will also have access to dedicated communal spaces such as a fire pit with outdoor lounge seating, a lawn area for gatherings and pets, and a direct connection to Five Points Park and Stewart Creek Greenway. HARMON Five Points is located two miles from Uptown and is walking distance from the Gold Line Streetcar.

“HARMON Five Points offers a much-needed new construction infill housing option to the historic West End neighborhood to accommodate the migration and population growth in Charlotte over the past several years,” said Tony Chen, Senior Managing Director of Single-Family Build-to-Rent at Crescent Communities. “We are pleased to have reached the leasing milestone ahead of schedule, and are also excited for the NGBS Bronze certification achievement. Stewardship is fundamental to Crescent Communities’ mission to build community and better people’s lives, and we are excited to extend our commitment to stewardship into our BTR platform through our goal of achieving NGBS Bronze or greater on each HARMON home. We strive to have a positive impact on the planet, people, and places we build and call home, and we look forward to seeing the HARMON Five Points community flourish.” 

“Pretium is a leading investor in homes throughout some of the most desirable areas across the country,  and we are thrilled to have another build-to-rent community welcome residents—bringing our total footprint in the Charlotte market to more than 5,300 homes and demonstrating our commitment to housing choice across growing regions,” said Matt Johnston, Managing Director and Head of Build-to-Rent at Pretium. “In addition to increasing housing access and offering consumers more choices, HARMON Five Points is delivering modern, sustainable homes that will be an important addition to the Charlotte community for years to come. We are committed to continuing our investments to increase the supply of move-in ready homes and contribute to the long-term health of our communities.”

HARMON Five Points is located at 360 Seldon Drive, Charlotte, NC, and was constructed by DRB Group. Additional partners include lender Atlantic Union Bank, landscape architect LandDesign and architectural review by 505Design. Progress Residential, which currently oversees more than 90,000 homes, is a market leader, with the people, technology, scale, and data-driven solutions that streamline operations, optimize asset performance, and provide an exceptional renting and living experience for residents.

Imagery of HARMON Five Points is available here and floorplans can be found here. For more information, please visit: www.liveatharmon.com and rentprogress.com.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated residential and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 83 multifamily communities, 24 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities and our life science developments are branded THE YIELD by Crescent Communities.

About Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has approximately $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 30 offices, including its New York headquarters, Dubai, London, Seoul and Sydney. Please visit www.pretium.com for additional information.

About Progress Residential

Progress Residential is a market leader in intelligent single-family rental management services, with people, technology, scale and data-driven solutions that streamline operations, optimize asset performance, and provide an exceptional renting and living experience for our residents. Progress Residential’s approximately 3,000 employees currently manage approximately 90,000 homes across 30 markets. Progress Residential also offers third-party property management service for investors with mid-to-large single-family rental home portfolios and Built to Rent communities through its Progress Residential Management Services. For more information, please visit www.rentprogress.com

New York, NY – December 6, 2022 – Pretium, a specialized investment firm with approximately $50 billion in assets under management, today announced that Senior Managing Director and Co-Head of Real Estate, Dana Hamilton, is retiring from the Firm. Josh Pristaw, Senior Managing Director and Co-Head of Real Estate, will lead the Firm’s real estate platform going forward, including investing in and managing the single-family rental funds and separately managed accounts. Ms. Hamilton will stay on as a Senior Advisor into next year in order to ensure a smooth transition. 

“Dana’s leadership in the institutionalization of single-family rentals cannot be overstated, nor can her role in helping Pretium’s platform become the owner of the most single-family rental homes in America,” said Don Mullen, Founder and CEO of Pretium. “Today, we manage investments in nearly 100,000 homes valued at more than $33 billion and have some of the best institutional investors in the world as partners in our funds.”

“We are extremely grateful to Dana for the expertise, commitment, talent, and growth that she brought to Pretium, and we are pleased she will continue to support our business in an advisory capacity,” stated Mullen.

“When Don asked me to join Pretium in 2017, our goal was to establish Progress Residential as a leading single-family residential platform in the U.S.,” said Dana Hamilton, Senior Managing Director and Co-Head of Real Estate. “With tremendous support from the Pretium and Progress Residential teams, I’m proud to say we have done that and much more.”

“Part of Pretium’s competitive advantage is the depth of talent we have across the SFR platform,” continued Hamilton. “Josh and the real estate team are poised to take the platform to the next level with an unparalleled strategy that delivers positive returns for Pretium’s stakeholders and the communities in which they invest.”

“I’m looking forward to building on the strong foundation that Dana has put in place and the success we have achieved together,” said Josh Pristaw, Senior Managing Director and Co-Head of Real Estate. “Our team will continue to prioritize housing choice and investments in our communities as we lead the way in single-family rental housing.”

Ms. Hamilton joined Pretium in 2017 with nearly 25 years of experience in building successful real estate operating companies in the U.S. and Europe. She worked with Archstone for nearly 20 years, where most recently she was President, Europe, responsible for building Archstone’s non-U.S. operating and investment platform. Prior to that role, she was Executive Vice President, in charge of national (U.S.) multi-family operations. Ms. Hamilton received a BA from Stanford University and an MBA from the Haas School of Business at the University of California, Berkeley. She currently serves on the board of Life Storage, Inc. (NYSE:LSI).