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.