Pretium expands into real estate, hires GTIS co-founder

Pretium is building out its real estate platform with veteran executive Josh Pristaw, who is joining the $40 billion firm as senior managing director and as co-head of real estate.

Pristaw co-founded real assets investment firm GTIS Partners in 2005, most recently serving as partner and co-head of GTIS Brazil head of capital markets and a member of the firm’s investment committee. He previously served as chairman of the Board of Directors of Brazil Hospitality Group, one of the largest owners and managers of hotels in Brazil, and on the Board of Directors of GTIS Brazil Logistics FII, an externally managed real estate vehicle listed on the Bovespa in Brazil.

Before GTIS, Pristaw was a principal and co-head of acquisitions for Coventry Real Estate Advisors and was also a member of Coventry’s Investment Committee.

“Josh brings extensive and complementary experience to Pretium’s single-family-rental business,” said Don Mullen, founder and CEO of Pretium. “We are confident now is the opportune time for Josh to join our rapidly expanding team as we continue to deploy private capital to contribute to solving our nation’s housing shortage.”

At Pretium, Pristaw will work alongside Pretium Co-Head of Real Estate Dana Hamilton, responsible for Pretium’s real estate platform, including investing in and managing rental homes.

The firm’s Progress Residential platform services more than 250,000 residents across roughly 80,000 properties.

Mullen said Pristaw will help elevate the standard for professional ownership and management of affordable, single-family homes, including best-in-class service and support for residents.

As of Feb. 1, 2022, Pretium employs approximately 3,000 people across 30 offices, including London and Dubai.

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