Company Research Report: Progress Residential
1. Company Overview
Name
Progress Residential®
Mission of the Company
Progress Residential® aims to provide high-quality, single-family rental homes across the United States, modernizing the traditional rental market with innovative technology and policies, and making it easy for people to find, lease, and love their rental homes.
When Was The Company Founded and By Whom
No information is available.
Key People in the Company
- Adolfo Villagomez - CEO
- Dave Feldman - Executive Vice President of Acquisitions
- Ama Romaine - General Counsel
Where is the Company Headquartered
7500 N. Dobson Rd, Scottsdale, AZ 85256
Number of Employees
No information is available.
Revenue of the Company
No information is available.
What is the Company Known For
Progress Residential® is known for being one of the largest providers of single-family rental homes in the United States with over 90,000 homes in 30 of the fastest-growing metro areas.
2. Products
What Products Do They Offer
- Single-Family Rental Homes: High-quality, single-family rental homes located in desirable neighborhoods across the United States.
High-Level Description of the Product
Progress Residential® offers meticulously selected, high-quality rental homes in desirable neighborhoods. These homes come with accommodating pet policies and innovative services like online service requests, appointment scheduling via text, and service options while residents are away.
Key Features of Each of the Products
- High-Quality Homes: Homes are selected for quality and are located in some of the most desirable neighborhoods.
- Pet-Friendly Policies: Accommodating policies that allow up to three pets, subject to breed restrictions, applicable laws, and HOA regulations.
- Priority You™: Online service requests, appointment scheduling by text, and maintenance services that can be completed while residents are out of the house.
- Modern Technology: Use of self-showing technology and mobile service fleets for a seamless rental and maintenance experience.
3. Recent Developments
Recent Developments in the Company
- Great Place To Work Certification™ (2024): Progress Residential® was certified as a Great Place To Work for the second year in a row.
- CandE Award Winner (2023): Won the Global Candidate Experience Award for the third time.
- 2024 Military Friendly® Designation: Earned recognition as a Top 10 Employer for military service members for the third consecutive year.
- New General Counsel: Ama Romaine joined the company as General Counsel.
New Products Launched
No information is available.
New Features Added to the Existing Products
No information is available.
New Partnerships
- Partnership with Esusu: Collaboration with Esusu to provide financial health solutions to residents.
- Habitat for Humanity Partnership: Supporting Habitat for Humanity to help families build homes and improve communities.
- Strategic Alliance with Quinn Residences: Formed an alliance with Quinn Residences to manage single-family rental communities.
Additional Information
- Expansion of Affordable Housing Operations: Plans to grow affordable single-family rental housing operations across various markets.
- Feature in REI Ink: CEO Adolfo Villagomez and EVP Dave Feldman discussed future plans and technological investments in an interview with REI Ink.
- Completion of Front Yard Residential Acquisition: Pretium, Ares Management, and Front Yard Residential completed the acquisition, enhancing the company's portfolio.
This report presents the detailed and specific data available about Progress Residential®, highlighting its core business initiatives, recent certifications, partnerships, and strategic growth plans.
