Pretium Partners LLC is considering ways to provide liquidity to early investors, including through the possible sale of most of its single-family rental homes, unnamed sources told Bloomberg News.

The real estate-focused asset management firm is reportedly working with Morgan Stanley and Ardea Partners as it explores its options.

The company could sell as many as 20,000 homes for as much as $5 billion, one of the people familiar with the matter told Bloomberg, adding that the company is open to deals under which it maintains or relinquishes its management rights.

Representatives for Pretium Partners and Morgan Stanley did not comment on the matter, while a representative for Ardea Partners did not respond immediately, the publication noted.

The alternative asset manager also agreed to buy Selene Holdings LLC from Oaktree Capital Management LP and Ranieri Partners LLC, according to a separate company release.

Selene Holdings is the parent company of Houston-based residential mortgage services provider Selene Finance LP