Pretium has closed 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 United States. 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 sin
