Pretium Partners, LLC, founded in 2012, is an investment manager focused on real estate, mortgage finance, corporate and structured credit and specialty finance. Pretium Partners, LLC conducts its real estate investment management business through Pretium Single-Family Rental Manager III, LLC (“SFR III”), a Delaware limited liability company, and through a variety of other relying advisers, all of which are under common control with SFR III (each a “Relying Adviser”). This Form ADV Part 2 Brochure describes the investment advisory activities of SFR III and its Relying Advisers. For ease of reference, the term “Investment Adviser” or “Pretium” is used throughout this Brochure and should be understood to include SFR III and, where applicable, all of its various Relying Advisers. SFR III and the Relying Advisers are primarily owned by Donald R. Mullen, Jr. and are direct or indirect subsidiaries of Pretium Partners, LLC. Advisory Services The Clients (as defined below) principally invest in single-family residential real estate properties and seek to capitalize on the growth of the institutional single-family rental industry in the United States. The Clients seek to earn capital gains by acquiring single-family homes at discounted prices and executing strategies to maximize their value by conducting repairs and renovations and generating rental income. Clients Pretium’s Clients can be broadly categorized as either (i) pooled investment vehicles that are structured as limited partnerships, limited liability companies or corporations and which comply with Section 3(c)(1) or 3(c)(7) of the Investment Company Act of 1940 (“Private Funds”); (ii) single investor funds, (iii) single investor managed accounts or funds (“Managed Accounts”); or (iv) joint ventures with third parties (“Joint Ventures”). The Private Funds, single investor funds, Managed Accounts and Joint Ventures are referred to throughout this Brochure as “Clients.” Private Funds The Private Funds and single investor funds are not registered or required to be registered as investment companies under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), in reliance upon the exclusion from the definition of investment company provided by Sections 3(c)(1) and 3(c)(7) of the Investment Company Act. Likewise, securities issued by the Private Fund generally rely on the offering exemptions provided by Section 4(a)(2) of the U.S. Securities Act of 1933, as amended (the “Securities Act”) and Regulation D thereunder. Interests in the Private Funds are privately placed to qualified investors in the United States and elsewhere in accordance with applicable laws. The Investment Adviser advises the Private Funds in an attempt to achieve each Private Funds’ investment objective (consistent with any relevant guidelines or restrictions) and does not tailor its advice to the individual needs of any investor in a Private Fund. Investors in the Private Funds generally cannot impose any restrictions on the way in which the Investment Adviser provides advice to the Private Funds. The Investment Adviser’s management of the Private Funds is subject to the terms of each respective Private Fund’s Governing Documents (as defined below). The Investment Adviser generally expects to enter into agreements (“Side Letters”) with one or more of their investors whereby, in consideration for agreeing to invest certain amounts in a Client and/or providing other consideration, such investors may be granted favorable rights not afforded other investors in such Client. Such rights typically include one or more of the following: rights to receive reports from the Client on a more frequent basis or that include information not typically provided to other investors; rights to receive reduced rates of performance fees/allocations and/or management fees earned by Pretium, each Client’s general partner and/or other affiliates; excuse rights; information rights; co-investment rights; rights to transfer interests in a Fund; and such other rights as may be negotiated between the Client, Pretium and such investors. Side Letters may be entered into by the Client and Pretium without the consent of other investors in such Client. Additionally, except as required by “most-favored-nations” clauses or under the relevant Governing Documents, Side Letters will not be disclosed to other investors in such Client. Single Investor Managed Accounts and Joint

Ventures As described above, the Investment Advisers provide investment advisory services to Managed Accounts and Joint Ventures, which, unlike the Private Funds described above, are generally formed for the specific purpose of managing the assets of a single investor. The investment strategies for the Managed Accounts and Joint Ventures generally parallel all or a portion of the investment strategies of one or more of the Private Funds, but there are differences among the Clients’ “buy boxes,” i.e., the list of characteristics including, without limitation, locations, types of homes or minimum/maximum net yields, for the properties in which the Managed Account, Joint Venture and the Private Fund will invest. The advisory services provided to each Managed Account and Joint Venture, and the related terms and fees, are negotiated on a case-by-case basis. Governing Documents The descriptions of the Clients in this Brochure, including the type of investments made and strategies used, fees and expenses charged, risk factors and conflicts of interests that arise in the Investment Adviser’s management of such Clients and investments, are qualified in their entirety by reference to each of the Clients’ agreements with the relevant Investment Adviser as well as any other formal offering materials, including, but not limited to, the offering memorandum, memorandum and articles of association, limited partnership agreement, joint venture agreement, investment management agreement or subscription document, as applicable and as each can be amended, supplemented, or modified from time to time (collectively, the “Governing Documents”). More complete information about the Clients is included in the relevant Governing Documents, which should be carefully reviewed prior to making an investment decision. In no event should this Brochure be considered an offer to sell or a solicitation of an offer to buy interests in the Clients or relied upon in determining to invest in the Clients. This Brochure is designed solely to provide information about SFR III and the Relying Advisers for purposes of complying with certain obligations under the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”), and as such, respond to relevant regulatory requirements under the Advisers Act that can differ from the information required to be provided in the Clients’ relevant Governing Documents. In the event of any inconsistency between the Governing Documents and this Brochure, the Governing Documents shall control. The Investment Adviser does not participate in wrap fee programs. Assets Under Management As of December 31, 2023, SFR III and the Relying Advisers managed approximately $34,843,178,825 of regulatory assets under management. Such amount is preliminary and unaudited. This Brochure generally includes information about the Investment Adviser and its relationships with its Clients and affiliates. While much of this Brochure applies to all such Clients and affiliates, certain information included herein applies to specific Clients or affiliates only. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. The securities of the Clients are offered and sold on a private placement basis under exemptions promulgated under the Securities Act of 1933, as amended, and other exemptions of similar import under U.S. state laws and the laws of other jurisdictions where any offering may be made. The descriptions set forth in this Brochure of specific advisory services that the Investment Adviser offers to Clients, and investment strategies pursued and investments made by the Investment Adviser on behalf of its Clients, should not be understood to limit in any way the Investment Adviser’s investment activities. The Investment Adviser may offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that the Investment Adviser considers appropriate, subject to each Client’s investment objectives and guidelines. The investment strategies the Investment Adviser pursues are speculative and entail substantial risks. Clients should be prepared to bear a substantial loss of any invested capital. There can be no assurance that the investment objectives of any Client will be achieved.