Progress Residential Highlights Contributions to Economy and Local Communities

Invested Approximately $21 Billion in U.S. Homes Since Founding in 2012

Since its founding in 2012, Progress Residential has contributed to local communities by:

Investing ~$21 billion
in U.S. Homes
Renovating 100%
of homes at acquisition or vacancy
Serving 520,000+
total residents*

Additional highlights of Progress Residential’s economic impact include:

85,000+
single-family rental homes today
2,500+
employees
2,600+
homes being built
$50,000+
average direct investment in homes over 5-year period
$707+ million
taxes paid over the last five years
$111+ million
rental assistance since March 2020

*since date of acquisitions

As members of the very communities we serve, a hallmark of our company culture is making a positive local impact. Over the last decade, Progress Residential has been a significant economic driver in each of our markets, and we look forward to continuing to build on our efforts for many years to come.

Adolfo Villagomez
Chief Executive Officer of Progress Residential

About Progress Residential

Progress Residential is a market leader in intelligent single-family rental management services, with people, technology, scale, and data-driven solutions that streamline operations, optimize asset performance, and provide an exceptional renting and living experience for our residents. Progress Residential’s approximately 2,500 employees currently manage more than 85,000 homes across 30 markets. Progress Residential also offers third-party property management service for investors with mid-to-large single-family rental home portfolios and Built for Rent communities through its Progress Residential Management Services. For more information, please visit www.rentprogress.com.

Media Contact

Nikki Sloup

Vice President Communications and PR

press@progressresidential.com