Jump to content

Zillow Sells More Homes to Pretium as Home-Flipping Operation Unwinds

sureshkonda

By sureshkonda
in Discussions

 Share

Recommended Posts

sureshkonda Hero

sureshkonda

Posted
Posted

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.
Zillow did not immediately respond to a Reuters request for comment, while Pretium declined to comment.
 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing
×
×
  • Create New...