Progress Residential

Progress Residential

Management and rental of single-family homes

Overview

Progress Residential buys, renovates, and manages single-family homes for rent across the United States. Its offer centers on high-quality, well-maintained homes for individuals and families who want more space and privacy than apartments, with flexible rental options and a focus on customer service. Practically, the company owns and renovates homes, then leases them to tenants and handles ongoing maintenance, repairs, and resident support through a dedicated team. This approach differentiates Progress Residential from competitors by combining large-scale property management with a strong emphasis on responsive, hands-on service and a hassle-free living experience. The company’s goal is to provide comfortable, spacious rental homes and reliable service to tenants, while growing its portfolio in the U.S. market.

About Progress Residential

Simplify's Rating
Why Progress Residential is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Real Estate

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$55.9M

Headquarters

Scottsdale, Arizona

Founded

2012

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Simplify's Take

What believers are saying

  • Acquired 1,200 Atlanta homes March 2026 targeting family neighborhoods.
  • Raleigh school partnerships grant tenants priority top-rated school access.
  • Las Vegas solar panels on 500 homes slash resident utility costs 20%.

What critics are saying

  • Invitation Homes' 85,000-home 2025 buys erode Progress market share.
  • HUD July 2026 rule caps Atlanta-Phoenix rents at 5%, hitting 40% portfolio.
  • Florida-Texas lawsuit alleges $200/month overcharges, risks $500M settlements.

What makes Progress Residential unique

  • Progress Residential leads as largest U.S. single-family rental property manager.
  • AI-driven predictive maintenance cuts Dallas-Orlando repair times by 35%.
  • Resident app boosts Nashville retention 18% via virtual tours and renewals.

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Funding

Total Funding

$55.9M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Professional Development Budget

Training Programs

Company News

CelebrityAccess
Feb 13th, 2024
AXS Names Justin Burleigh Chief Products Officer

Burleigh joins AXS from the property management company Progress Residential, where as Chief Digital and Product Officer, he oversaw the company's digital transition.

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