Pretium’s Mullen Says Capital for Rental Homes Is ‘Drying Up’

Legislation that would ban large corporate landlords from acquiring more single-family rental homes is depriving the US housing market of much-needed investment, Pretium founder Don Mullen said in an interview with Bloomberg Television.

The ban was included in a sweeping housing bill passed by the US Senate in March. While the House of Representatives has yet to vote on the legislation, the prospect of its passage has made it difficult to fund new rental-home construction projects known as build-to-rent.