Front Yard Residential (fka Altisource Residential)

active

Real Estate — Pretium Partners (acquirer)

Deal Terms

Entry Year2020

Entry EV$2.4B

Entry Multiple8x

Leverage5x

Debt Amount$1.2B

Risk Metrics

LTV (est.)50%

Debt / EV0.50x

Notes

Pretium Partners (PE) acquired 12,000+ SFR homes from Front Yard Residential for $2.4B. Pretium manages 80,000+ rental homes. FTC investigated for deceptive practices, hidden fees, fraudulent eviction filings. DOJ sued for discrimination against Black renters. PE landlord playbook.

Sponsor

Partners Group$185B AUM