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Progress Residential
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Management and rental of single-family homes
Progress Residential
Work Here?
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
Industries
Real Estate
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$384.7M
Headquarters
Scottsdale, Arizona
Founded
2012
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Simplify's Take
What believers are saying
- June 25, 2026 Progress refinanced $384.7 million, preserving liquidity and flexibility.
- May 2026 Morningstar DBRS rated Progress's $408.4 million SFR securitization AAA.
- Florida remains Progress's largest market, sustaining scale advantages and local density benefits.
What critics are saying
- July 11, 2026 ROAD Act blocks Progress from buying additional existing homes.
- Minnesota settled Progress-related repair claims for $2.2 million on March 15, 2024.
- 2024 discrimination lawsuits challenge Progress screening practices, threatening fines and resident acquisition capacity.
What makes Progress Residential unique
- Progress Residential runs the largest U.S. single-family rental platform across 17 states.
- June 2026 refinancing shows Goldman Sachs still lends against Progress's portfolio at scale.
- Progress combines acquisition, renovation, and property management on one centralized operating system.
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Funding
Total Funding
$384.7M
Above
Industry Average
Funded Over
1 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
Progress Residential secured $384.7 million in refinancing from Goldman Sachs Mortgage Company for a multi-state single-family rental portfolio. The deal, closed on 25 June at an 83% loan-to-value ratio, covers properties valued at $462.1 million. The portfolio includes 64 homes across 14 Broward County cities in Florida, valued at $71.7 million, or over $1.1 million per property. Progress Residential is a subsidiary of New York private equity firm Pretium Partners. The refinancing closed two weeks before the 21st Century ROAD to Housing Act became law on 11 July. The legislation limits large investors owning at least 350 single-family homes from purchasing additional existing properties, though it permits portfolio refinancing.
Burleigh joins AXS from the property management company Progress Residential, where as Chief Digital and Product Officer, he oversaw the company's digital transition.
Progress Residential is Hiring for 67 Jobs on Simplify!
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About Progress Residential
Industries
Real Estate
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$384.7M
Headquarters
Scottsdale, Arizona
Founded
2012
Progress Residential is Hiring for 67 Jobs on Simplify!
Find jobs on Simplify and start your career today