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Is Progress Residential Owned by Private Equity?

Yes — Progress Residential is owned by Pretium Partners, which acquired it in 2012.

PRIVATE EQUITY OWNED

Progress Residential

Includes Progress, HavenBrook Homes

single-family rental · Scottsdale, AZ

PE Firm
Pretium Partners
Year Acquired
2012

The largest single-family rental landlord in America, buying up 90,000+ homes so you can rent what you used to be able to own.

What They Did

  1. Pretium Partners built Progress Residential into the largest single-family rental company in the US with over 90,000 homes
  2. The Minnesota Attorney General sued Progress Residential and sister brand HavenBrook in 2022 for undermaintaining 600+ homes and violating tenant protections
  3. Settled the Minnesota case in March 2024 with $2.2 million in restitution and roughly $2 million in tenant debt forgiveness
  4. A November 2024 federal class action accused Progress of tenant screening that disproportionately rejected Black applicants. It was voluntarily dismissed in July 2025, with no ruling on the merits

Since the Acquisition

  • Tenants report slow maintenance responses — basic repairs taking weeks or months while rent is due on time every single month
  • Aggressive fee structures add hundreds of dollars beyond the advertised rent: application fees, monthly service fees, late fees
  • Minnesota's attorney general sued over 600+ homes with maintenance failures — mold, lost heat, pest infestations — that tenants said Progress and its sister brand left unfixed
  • For families who want to buy but can't compete with institutional investors, paying rent to a PE landlord on a house they'll never own is the new housing reality

Sources

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What people ask

Is Progress Residential owned by private equity?

Yes. Progress Residential is currently owned by Pretium Partners, which acquired it in 2012. The largest single-family rental landlord in America, buying up 90,000+ homes so you can rent what you used to be able to own.

What happened to Progress Residential after the acquisition?

Tenants report slow maintenance responses — basic repairs taking weeks or months while rent is due on time every single month Aggressive fee structures add hundreds of dollars beyond the advertised rent: application fees, monthly service fees, late fees

Who owns Progress Residential?

Progress Residential is owned by Pretium Partners, which acquired it in 2012.

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