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Zillow sells more homes to Pretium as home-flipping operation unwinds - Bloomberg News [View all]
Reuters
Zillow sells more homes to Pretium as home-flipping operation unwinds - Bloomberg News
Fri, February 11, 2022, 10:40 AM · 1 min read
(Reuters) - Online real estate platform Zillow Group Inc is selling more properties to New York-based investment firm Pretium Partners as it exits the business of flipping houses, Bloomberg News reported on Friday, citing people familiar with the matter.
Pretium recently bought more than 800 properties from Zillow for nearly $300 million and has signed a roughly $150 million agreement to acquire 400 more, according to the report.
The sale comes as Zillow shifts towards becoming a "housing super app", which will integrate the currently fragmented process of buying or selling a house.
{snip}
Zillow sells more homes to Pretium as home-flipping operation unwinds - Bloomberg News
Fri, February 11, 2022, 10:40 AM · 1 min read
(Reuters) - Online real estate platform Zillow Group Inc is selling more properties to New York-based investment firm Pretium Partners as it exits the business of flipping houses, Bloomberg News reported on Friday, citing people familiar with the matter.
Pretium recently bought more than 800 properties from Zillow for nearly $300 million and has signed a roughly $150 million agreement to acquire 400 more, according to the report.
The sale comes as Zillow shifts towards becoming a "housing super app", which will integrate the currently fragmented process of buying or selling a house.
{snip}
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