Zillow Sells Thousands of Homes to Controversial Rental Powerhouse

Zillow Sells Thousands of Homes to Controversial Rental Powerhouse

3 years ago
Anonymous $np3LcwuhSi

https://www.vice.com/en_us/article/k7wany/zillow-sells-thousands-of-homes-to-controversial-rental-powerhouse

One week after deciding to get out of the iBuyer home-buying business, Zillow has agreed to sell 2,000 of its homes to the second-largest single-family landlord in the country, a controversial and growing powerhouse that has faced allegations it evicted tenants during the national eviction moratorium and didn’t properly maintain Black family homes. 

The sale represents a dramatic turn for the homes themselves, which were originally supposed to be quickly sold to single families, but will now be permanently rented out by Pretium Partners, a New York-based investment firm run by former Goldman Sachs partner Donald Mullen. The homes Pretium purchased are reportedly scattered across 20 U.S. markets, according to the Wall Street Journal. 

Zillow Sells Thousands of Homes to Controversial Rental Powerhouse

Nov 10, 2021, 5:53pm UTC
https://www.vice.com/en_us/article/k7wany/zillow-sells-thousands-of-homes-to-controversial-rental-powerhouse > One week after deciding to get out of the iBuyer home-buying business, Zillow has agreed to sell 2,000 of its homes to the second-largest single-family landlord in the country, a controversial and growing powerhouse that has faced allegations it evicted tenants during the national eviction moratorium and didn’t properly maintain Black family homes.  > The sale represents a dramatic turn for the homes themselves, which were originally supposed to be quickly sold to single families, but will now be permanently rented out by Pretium Partners, a New York-based investment firm run by former Goldman Sachs partner Donald Mullen. The homes Pretium purchased are reportedly scattered across 20 U.S. markets, according to the Wall Street Journal.