Pretium Partners is acquiring thousands of homes from D.R. Horton Inc. in a deal between the single-family rental giant and the nation’s biggest homebuilder.

The deal includes a combination of finished homes and ones that haven’t been completed, according to people familiar with the transaction who asked not to be named discussing a private matter. It is valued at more than $1.5 billion, one of the people said.

Reprinted courtesy of Patrick Clark, Bloomberg and John Gittelsohn, Bloomberg