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Zillow Sells 2,000 Homes From Failed iBuying Program To NYC Investment Firm: Report

Zillow Sells 2,000 Homes From Failed iBuying Program To NYC Investment Firm: Report

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Zillow Group Inc. (NASDAQ: Z) has agreed to about 2,000 homes from its unsuccessful iBuying program Zillow Offers to Pretium Partners, a New York City-based investment firm. What Happened: According to a Wall Street Journal report sourced from unnamed “people familiar with the matter,” the transaction involves Zillow homes in 20 markets, which Pretium Partners intends to turn into rentals.

...read full article on Benzinga

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