NEW YORK – July 24, 2024 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced the addition of Liz Bowyer as a Senior Managing Director to lead Corporate Affairs, overseeing external communications, content strategy, and corporate impact. Ms. Bowyer will be a member of the firm’s Executive Committee.

Ms. Bowyer has three decades of experience leading initiatives aimed at deepening engagement and driving impact across a range of stakeholders in finance, law, politics, and consumer groups. Ms. Bowyer joins Pretium from Hertz, where she served as Executive Vice President of Corporate Affairs. From 2014 to 2021, she was a Managing Director at Goldman Sachs, overseeing the company’s brand and content strategy. Earlier in her career, Ms. Bowyer was a television producer for NBC and ABC News, a speechwriter and researcher at the White House, and an attorney at Boies Schiller Flexner practicing complex civil litigation.

“Over the course of her career, Liz has demonstrated her ability to connect with core stakeholder groups through creativity and cross-disciplined thinking,” said Jonathan Pruzan, President of Pretium. “Liz has an excellent track record in communications, politics, and law and is an exciting addition to our team as we continue building one of the leading platforms for real estate and credit investment.”

“I’m thrilled to join the fantastic team at Pretium,” said Ms. Bowyer. “With a specialized focus on delivering value to investors, residents, and communities, Pretium is creating meaningful opportunities for growth and sustainability across the residential real estate ecosystem and beyond. I look forward to contributing to that important work in this next phase of Pretium’s evolution.”

Ms. Bowyer earned a Juris Doctor from Columbia Law School and a Bachelor of Arts in History from the University of Florida.

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 nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

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

Fund Invests in Build-to-Rent Homes and Communities, Creating New Housing Supply

NEW YORK – July 22, 2024 – Pretium, a specialized investment firm with over $50 billion in assets under management, today announced the successful close of its sixth single-family housing fund and related vehicles, above target with $1.5 billion in aggregate commitments to create more affordable housing in the U.S. The fund received strong support from a diversified group of existing and new investors, including insurance companies, U.S. pension plans, and U.S. wealth managers.

The fund invests in build-to-rent single-family homes and communities in suburban markets experiencing above average population and economic growth. The growth in these key markets is primarily driven by U.S. demographic trends fueling demand in regions that offer warmer weather and lower cost of living.

“We are pleased to close our sixth single-family housing fund above our target, which is a testament to the strength of our platform and provides us with more capital to keep builders building homes for families,” said Don Mullen, Founder and CEO of Pretium. “This fund invests in growing the stock of quality single-family homes in key markets across the country, helping solve for the tremendous shortage of viable housing in the U.S. Pretium has developed an integrated real estate ecosystem with the scale and expertise to capitalize on shifts in the market and expand access to quality housing that is resonating with investors, residents, and our communities.”

“As a pioneering investor in the single-family housing industry, Pretium has a strong track record of driving performance and value creation by delivering access, optionality, and value to renters,” said Josh Pristaw, Pretium’s Head of Real Estate. “We have seen a meaningful opportunity to put capital to work with our homebuilder partners over the last few years as regional banks have pulled back on financing and a high inflationary environment depresses supply. Investing in new housing supply and empowering builders to build more homes for families is a winning proposition in a market challenged by housing shortages.”

Since 2020, Pretium has invested more than $2.62 billion toward new build-to-rent construction in the U.S., creating more than 7,800 new homes across 37 cities and 15 states.

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 nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

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

NEW YORK – May 1, 2024 – Pretium, a specialized investment firm with over $50 billion in assets under management, today announced that it has completed its acquisition of BH Management Services (“BH”), one of the nation’s premier property management platforms in multifamily, student, and single-family housing.

The addition of BH to Pretium creates one of the most robust residential ecosystems in the United States, with more than 7,200 employees, over 210,000 homes managed, and approximately 700,000 residents and homeowners served annually. Pretium’s portfolio now includes investments spanning single-family, multifamily, student, affordable, and build-to-rent housing communities.

“The addition of BH enhances Pretium’s residential ecosystem, enabling us to deploy capital across all major residential asset classes in both debt and equity,” said Jonathan Pruzan, President of Pretium. “This transaction creates additional opportunities for our investors and will drive more investment in residential real estate, contributing to a healthier housing economy and increased housing options for families across the country.”

“Combining BH’s multifamily portfolio with Pretium’s residential platform will help us execute on our shared vision to build better communities,” said Joanna Zabriskie, CEO of BH. “As an operating company of Pretium, the BH team is positioned to sustain and grow our leadership in multifamily and deliver on our important mission of creating spaces where people live and thrive.”

As a Pretium operating company, BH will continue to be led by Chief Executive Officer Joanna Zabriskie and the current management team, with its headquarters remaining in Des Moines, Iowa.

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 over $50 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs more than 7,200 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

About BH Management Services

BH is a people-first multifamily owner and operator that grew from a small startup into one of the nation’s largest commercial real estate companies. Founded in 1993, BH is celebrated for its simple commitment to doing business the right way and investing in its team. Today, BH manages approximately 114,000 units, employs 2,800 people, and owns its processes in-house. Powered by innovation and a can-do attitude, BH improves daily, striving to construct a smarter way to live, invest, manage, and grow. For more information, visit livebh.com.

Contacts

Lyle Weston / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK, April 29, 2024 – Pretium, a specialized investment firm with over $50 billion in assets under management, today published its 2023 Impact Report. The report details the firm’s sustainability milestones in 2023 and targets for 2024.

“Our impact initiatives are designed to strengthen the communities in which we operate, supporting residents on their paths to wealth building, fostering community prosperity, addressing the housing shortage, and promoting an inclusive culture across our ecosystem,” said Tatiana Gutierrez, Head of Corporate Impact at Pretium. “We are proud to celebrate our success to date and remain committed to furthering our efforts to build a truly sustainable business for the future.”

Notable achievements in the report include:

• Financing $1.65 billion of loans to create and preserve housing across the country.
• Originating more than 3,000 homeowner mortgage loans, including 17% for first time home buyers.
• Launching Solar Homes and more than 500 Energy Saver Homes across the US.
• Equipping 12,000 homes with Smart Home technology to reach 63,000 homes, 70% of the portfolio.
• Increasing Housing Choice Voucher families served by 74% to more than 2,250 families in partnership with more than 120 local housing agencies.
• Facilitating positive rent reporting for more than 185,000 residents, including first-time credit scores for nearly 8,000 previously credit invisible individuals.
• Submitting the first United Nations Principles for Responsible Investing (UNPRI) report for the Firm and its largest investment strategies.
• Increasing scores to the Global Real Estate Sustainability Benchmark (GRESB) for the Firm’s two largest real estate funds.

The full report can be viewed and downloaded on the Firm’s website at Pretium’s Third Annual Impact Report.

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 over $50 billion of assets, comprising real estate investments across 30 markets in the U.S., and employs more than 4,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

Contacts

Lyle Weston / Erik Carlson
Joele Frank,
Wilkinson Brimmer Katcher
212-355-4449
Media-SFR@pretium.com

NEW YORK – February 27, 2024 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced a strategic partnership with Hunter Point Capital (“HPC”). This partnership, which includes a minority investment from HPC, aims to support the long-term growth of Pretium’s existing strategies – residential real estate and corporate and structured credit – and enable the firm to expand into adjacent areas to create additional value for its clients, residents, and employees.

Since its founding in 2012, Pretium has built one of the most comprehensive residential and credit ecosystems in asset management. Today, Pretium is one of the largest investors in non-agency residential mortgage loans, one of the largest residential business purpose lenders, one of the largest investors in the creation of new homes, and the largest owner-operator of single-family homes in the United States.

“This milestone is a testament to the accomplishments of our 4,400-plus person team and the many opportunities that lie ahead for our firm,” said Don Mullen, Founder and CEO of Pretium. “Avi and Bennett have built a differentiated model of partnership and share Pretium’s passion for building businesses. We look forward to drawing upon HPC’s strategic expertise, value-added operational capabilities, and global network to propel Pretium’s development into our second decade.”

“Pretium’s strategic focus and execution have accelerated its growth into a multi-strategy firm with a national presence and an expanding opportunity set,” said Avi Kalichstein, CEO and Co-Founder of HPC. “We look forward to supporting the talented team at Pretium as the firm builds on its success and expands its platform. Under Don’s leadership and with the recent addition of Jon Pruzan as President, Pretium is at an exciting inflection point.”

“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,” said Jonathan Pruzan, President of Pretium. “The persistent undersupply of homes coupled with the disruption in the banking landscape will offer significant investment potential for the foreseeable future.”

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 50 offices, including its New York headquarters, Miami, Dubai, London, Seoul, and Sydney. Please visit www.pretium.com for additional information.

About Hunter Point Capital

Hunter Point Capital is a leading independent investment firm providing capital solutions to alternative asset managers that are poised to build enduring franchises and define the next generation of leading investment firms across the globe. Hunter Point Capital believes that being a strategic partner for growth to investment managers makes it a preferred choice for successful and promising GPs seeking tailored capital solutions. For more information, please visit www.hunterpointcapital.com.

Contacts

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

Hunter Point Capital
Joshua Rosen / Julia Sidi
Prosek Partners
pro-hunterpointcapital@prosek.com

NEW YORK – July 13, 2023 – Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced the addition of Michael Campbell as Senior Managing Director, Head of International Real Estate. In this newly created role, based in London, Mr. Campbell will lead the firm’s efforts to expand its real estate investing to markets outside of the United States and support international relationships.

“Pretium has been a leader in single-family rental housing in the United States for over a decade,” said Don Mullen, Founder and CEO of Pretium. “With the addition of Michael, our team is better positioned to explore international residential markets with attributes similar to the U.S. housing market, where we have been successful. We believe that our visionary and technology-driven investment approach applied to new global markets can unlock significant value for our stakeholders.”

Mr. Campbell brings to Pretium over 30 years of experience launching and growing real estate investment management platforms on a global scale, having previously held both institutional and entrepreneurial investment and advisory leadership roles across a variety of property sectors in North America, Latin America, Europe, the Middle East, and Asia. Prior to joining Pretium, Mr. Campbell spent nearly a decade spearheading the global real estate investment platform at Mubadala, where he was responsible for all international real estate investment activities.

“Expanding to markets in Europe and outside of the United States is a logical extension of our business given the opportunity for institutional investment in residential markets across the developed world,” said Josh Pristaw, Senior Managing Director, Head of Real Estate. “Michael brings compelling global real estate investment experience and relationships with international investors to our team. We are confident Michael is the right leader to support these new efforts and help drive our next phase of strategic growth.”

“It has been a privilege to work with a number of esteemed investor-fiduciaries in our industry. Pretium’s innovative approach coupled with the scale the firm has achieved since its founding are a testament to its talented team,” said Mr. Campbell. “I look forward to contributing to the expansion of our geographic footprint.”

Prior to his role at Mubadala, Mr. Campbell was Managing Partner at Phene Capital, a real estate investment boutique. Previously, he served as Chief Operating Officer and led all U.S. investment and operational activities at a European family office. He also served as a Managing Director and member of the real estate investment and operating committees at UBS Wealth Management, building and managing its diversified real estate investment management business, and as a Principal at JP Morgan as part of the original team to buildout its global private equity real estate businesses. He began his career at Ernst & Young and Arthur Andersen.

Mr. Campbell earned a Bachelor of Arts from Princeton University and a Master of Business Administration from Wharton School at the University of Pennsylvania.

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