Pretium, a specialized investment firm with over $50 billion in assets under management, announced today that Melanie Gersper has joined the firm as Managing Director, Asset Management. In this role, Ms. Gersper will lead the asset management of Pretium’s equity real estate portfolio across the United States, including more than 90,000 single-family residential homes managed by Progress Residential and Pretium’s build-to-rent platform.
Ms. Gersper brings over 25 years of experience managing large residential real estate portfolios, including multi-family rentals. She has operated stabilized assets and oversaw complex development projects across multiple geographies. Most recently, she served as ACRE’s Chief Operating Officer since 2015, where she oversaw property management and asset management. She also had a meaningful role in acquisitions and dispositions. Prior to joining ACRE, Ms. Gersper held senior leadership roles at residential companies including Chief Operating Officer at CF Lane, Senior Vice President of Operations at Bell Partners, President of Operations for Cortland Partners, and Regional Vice President of Lane Company.
“Melanie’s success driving operational performance across a variety of residential real estate portfolios will be invaluable as we continue to scale and optimize our business,” said Josh Pristaw, Senior Managing Director and Head of Real Estate. “We are confident she will have an immediate impact at both the individual asset and broader portfolio level, and I look forward to working with her during our next growth phase.”
“Pretium has built the leading and most innovative single-family rental platform in the United States, and I am proud to join such an incredible team,” said Ms. Gersper. “As Pretium continues to grow, I look forward to leveraging my real estate operating experience to deliver even greater value for our stakeholders.”
Ms. Gersper earned a Bachelor of Science in Business Administration from Bowling Green State University.