Progress Residential

Progress Residential
TypeSubsidiary
IndustryPrivate equity
Founded2012; 14 years ago (2012)
HeadquartersScottsdale, Arizona
ParentPretium Partners
Websiterentprogress.com

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. Progress Residential owns office locations in 26 cities throughout the United States.

History

Progress was founded to buy and refurbish rental properties in September 2012 by Pretium Partners. In 2021, Pretium acquired Front Yard Residential, another single-family rental company. The deal added 14,000 homes to Progress Residential's portfolio, increasing it to 55,000 properties in 2021. As of late 2022, Progress Residential owned 85,000 homes.

References

  1. 1 2 "Wall Street Is Buying Starter Homes to Quietly Become America's Landlord". Bloomberg.com. February 18, 2022. Retrieved September 23, 2024.
  2. ↑ "Pretium Hires Ex-Goldman Executive for Affordable-Housing Investments". Bloomberg.com. November 8, 2022. Retrieved September 23, 2024.
  3. ↑ "Office Locations | Progress Residential". Progress Residential®. Retrieved October 23, 2025.
  4. ↑ "This private equity firm built a Tampa Bay rental empire". Tampa Bay Times. Retrieved June 16, 2026.
  5. 1 2 Kalinoski, Gail (January 13, 2021). "Pretium, Ares Close $2.5B Acquisition of Front Yard Residential". Multi-Housing News. Retrieved June 16, 2026.