Pretium Single-Family Rental Manager III, LLC

Investment decisions are made by the leadership team at Pretium Partners, founded by CEO Donald R. Mullen Jr. The single-family rental strategy is overseen by the firm's real estate group, which includes managing directors responsible for acquisitions and operations. Specific portfolio managers for this LLC are not publicly disclosed.

The vehicle sources properties through multiple channels: direct acquisitions from homebuilders, off-market purchases via broker networks, and public listings. Pretium's operating platform, FirstKey Homes, provides data analytics to identify target markets and properties. The firm also executes large-scale portfolio acquisitions from other institutional owners.

No. This entity is a pooled investment vehicle managed by Pretium Partners, an alternative asset manager. It is not a family office; it raises capital from institutional investors such as pension funds, endowments, and sovereign wealth funds.

This vehicle is a fund itself — a limited partnership that commits capital to direct single-family rental properties. Investors in the fund participate in the portfolio's income and appreciation. The fund does not typically invest in external funds or other managers.

The vehicle targets value-add and stabilized single-family rental homes. It acquires properties that can be renovated to increase rental income (value-add) as well as already-leased homes for immediate cash flow. The strategy avoids development or raw land.

The vehicle explicitly avoids commercial real estate, multifamily apartments, and international properties. It is solely focused on single-family homes for rent in the United States. It also avoids speculative land development or new construction.

Pretium generally does not co-invest alongside external fund managers. The firm prefers to originate and manage its own investments through its verticalized platform. However, it has partnered with homebuilders and financial institutions for large portfolio acquisitions.