Pretium, Ares close on $2.4B acquisition of single family rental firm, Front Yard

Pretium, an alternative investment management firm, and
funds managed by Ares Management, have closed on their $2.4 billion acquisition
of Front Yard Residential, making Pretium the second-largest owner and operator
of single-family rental properties in the U.S.
As a result, Pretium now has more than 55,000 SFRs. It will
manage the venture and partner with Ares to further expand Front Yard’s
portfolio of assets.
“There is significant opportunity in the SFR market and
a clear sense of urgency among institutional investors to deploy capital to
this asset class given record-high occupancy rates, stable cash-flow
characteristics, and potential for continued capital appreciation,” said

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