Progress Residential
| Type | Subsidiary |
|---|---|
| Industry | Private equity |
| Founded | 2012 |
| Headquarters | Scottsdale, Arizona |
| Parent | Pretium Partners |
| Website | rentprogress |
Progress Residential is an American single-family rental company headquartered in Scottsdale, Arizona. It is a wholly owned subsidiary of Pretium Partners and manages rental homes and build-to-rent communities in U.S. markets.
Founded in 2012, the company quickly became one of the largest institutional operators of single-family rental homes in the United States. As of late 2022, Progress Residential owned 85,000 homes, the second largest owner of single-family rental homes in the US after Invitation Homes.[1][2] Progress Residential owns office locations in 26 cities throughout the United States.[3]
History
[edit]Progress was founded to buy and refurbish rental properties in September 2012 by Pretium Partners.[4] In 2021, Pretium acquired Front Yard Residential, another single-family rental company.[5] The deal added 14,000 homes to Progress Residential's portfolio, increasing it to 55,000 properties in 2021.[5] As of late 2022, Progress Residential owned 85,000 homes.[1]
References
[edit]- 1 2 "Wall Street Is Buying Starter Homes to Quietly Become America's Landlord". Bloomberg.com. February 18, 2022. Retrieved September 23, 2024.
- ↑ "Pretium Hires Ex-Goldman Executive for Affordable-Housing Investments". Bloomberg.com. November 8, 2022. Retrieved September 23, 2024.
- ↑ "Office Locations | Progress Residential". Progress Residential®. Retrieved October 23, 2025.
- ↑ "This private equity firm built a Tampa Bay rental empire". Tampa Bay Times. Retrieved June 16, 2026.
- 1 2 Kalinoski, Gail (January 13, 2021). "Pretium, Ares Close $2.5B Acquisition of Front Yard Residential". Multi-Housing News. Retrieved June 16, 2026.