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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]
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 .
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes.As of December 31, 2019, the company owned 52,552 homes in 22 states.
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HB 2001, signed into law by Governor Kate Brown on August 14, 2019, provides an alternative to single-family zoning. [15] [16] [17] The law allows duplexes, triplexes, fourplexes, and cottage clusters (which are several smaller homes built around a community backyard or other green space) to be built on land zoned for single family homes in cities with over 25,000 residents. [18]