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Progress Residential is the second largest owner of single-family rental homes in the United States. It is owned by Pretium Partners , a private equity firm. As of late 2022, Progress Residential owned 85,000 homes, the second largest owner of single-family rental homes in the US after Invitation Homes .
A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law , such clauses are typical in tenancy agreements, so as to allow a tenancy to come to an end before the end date stated in the agreement. [ 1 ]
In 2012, Pretium raised $1.2 billion for its first residential real estate fund named Progress Residential, L.P which was used to buy more than 16,500 homes at big discounts. The fund would fund the establishment of the company Progress Residential, which acts as a single-family rental (SFR) management services platform. [2] [4] [5] [6]
The group, United Renters for Justice, is battling Progress Residential, the largest provider of single-family homes for rent in the U.S. The private-equity-backed Progress and its affiliated ...
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For lease contracts, without the inclusion of an acceleration clause in a lease, a landlord's right to sue for damages for breach of a lease may accrue on the date the termination date of the lease. With an acceleration clause a landlord may be able to sue for damages when a breach of the lease agreement occurs. [5]