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Progress Residential bags $1B to boost single-family rental business by HousingWire featured by SVN | SFRhub Advisors

Pretium Partners announced that it raised more than $1 billion, designated for expanding the company’s single-family rental business. The firm’s strategic focus is on providing investors a, “diverse pool of single-family homes across attractive major markets in the U.S. that are experiencing above-average employment and population growth.” This single-family rental market is growing extraordinarily rapid, and we’re excited to see what is in store next.

Originally posted by HousingWire.

Progress Residential, one of the nation’s largest operators of single-family rental homes, is planning a significant expansion of its platform thanks to $1 billion in new funding.

Pretium Partners, the parent company of Progress Residential, announced Monday that it raised more than $1 billion that will be earmarked for expanding the company’s single-family rental business.

Pretium, a specialized alternative asset management firm that focuses on residential real estate, mortgage finance, and corporate credit, said Monday that it closed Pretium Residential Real Estate Fund II.

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