Residential

Residential Real Estate Opportunities

We focus on adjacent strategies in residential real estate where our data analytics and operating platforms enable us to generate results.

  • $15.0Bassets under management
  • 43138homes
  • 15key markets
  • 97.0%occupancy rate

All numbers as of March 31, 2021

Case Study: Progress Homes

Where other investment firms saw only distressed real estate after the financial crisis, Pretium identified a consumer credit opportunity based on the changing home experience of the 21st century. The result is an established, expanding business with rising margins.

3 Things to Know About Single-Family Rentals

  • Not short-term. Demand in this market has remained consistent since the 1950s.
  • Residents are typically families with good incomes searching for quality homes in attractive communities.
  • Our data-based operating platform enables us to scale this asset class.

Pretium's Single-Family Rental Markets

2012-2017 Five-Year Compound Annual Growth Rate

Source: U.S. Census Bureau and U.S. Bureau of Labor Statistics, retrieved from Moody’s Analytics.

Growth of Residential Portfolio

June 20133800
Dec 20136700
June 20149500
Dec 201412400
June 201514600
Dec 201516600
June 201617900
Dec 201619900
June 201720800
Dec 201723300
June 201825100
Dec 201830500
June 201932700
Dec 201937925
June 202039663
Dec 202041082
Mar 202143138

Stabilized Occupancy Rates

Dec 201390.7%
June 201496.3%
Dec 201495.4%
June 201595.7%
Dec 201594.6%
June 201695.5%
Dec 201693.8%
June 201796.2%
Dec 201794.9%
June 201896.8%
Dec 201895.7%
June 201995.9%
Dec 201994.6%
June 202095.8%
Dec 202096.8%
Mar 202197.0%
  • 3.4Avg. # of Bedrooms
  • 1832Avg. Size (sq.ft.)
  • 20Avg. Age (years)
  • 5.9Avg. School Score
  • $1736Avg. Rent

All numbers as of March 31, 2021

Insights

2021 U.S. Housing Outlook

Read More

Mortgage Credit Opportunities

We focus on strategies across the mortgage whole loan market where our integrated asset management platform enables us to provide differentiated solutions to borrowers.

  • ~48109loans acquired
  • $9.8Binitial unpaid principal balance acquired
  • 62.8%invested capital as a % of Initial property value
  • ~41267loans resolved or stabilized

All numbers as of March 31, 2021

3 Things to Know About the Mortgage Credit Market

  • The U.S. mortgage market represents an investment universe with $8.8 trillion in outstanding mortgages.
  • The market for impaired mortgage whole loans remains robust, even 10 years post-crisis.
  • Our loan servicing platform provides comprehensive end-to-end portfolio oversight and streamlines solutions for borrowers.

Differentiated Asset Management Platform

Our detailed knowledge of the borrower, combined with Pretium’s ability to manage the underlying property for rental purposes, increases the ability to drive positive loan outcomes.

Preferred Counterparty for Well-Known Industry Sellers

Our experience in consistently and efficiently executing transactions allows us to source customized loan portfolios consistent with segments of the market where we can outperform.