Today, in the Real Estate Newsletter: Lawler: More on Investor Purchases of Residential Homes: Pretium
Brief excerpt: “In a report last month, I wrote about how data from Redfin and CoreLogic indicated that there had been a surge in investor buying of SF homes in the second and third quarters of this year, with some of the biggest increases coming from “large” investors.
One private company that has massively increased its holdings of SF residential properties is Pretium Partners, a “specialized investment manager” with a huge portfolio of SF residential properties for rent. (Pretium owns Progress Residential, which has recently gotten some negative press.)
According to Pretium’s website, Pretium has increased the number of SF properties it owns from 41,000 at the end of 2020 to 70,700 at the end of September 2021.
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