Pretium and Ares Management have agreed to buy Front Yard Residential in a deal valued at $2.4 billion. If it’s finalized, Pretium and Ares would own and operate more than 55,000 homes across the U.S., making the newly combined company the second-largest single-family home landlord in the country, Bloomberg News reported. The deal highlights Wall Street’s growing interest in the single-family rental space since the onset of the coronavirus. Blackstone Group, Nuveen Real Estate, and
source https://therealdeal.com/2020/10/20/pretium-ares-agree-to-buy-front-yard-residential/
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