Progress Residential Highlights Contributions to Economy and Local Communities, Progress Residential, the main single-family rental administration administrations stage, today reported its cross country monetary effect and featured its contributions to local economies across the United States.
“As individuals from the very communities we serve, a sign of our organization culture is having a positive local effect,” said Adolfo Villagomez, Chief Executive Officer of Progress Residential. “Over the course of the past ten years, Progress Residential has been a critical financial driver in every one of our business sectors, and we anticipate proceeding to expand on our endeavors for a long time to come.”
Since its establishing in 2012, Progress Residential has added to local communities by:
Putting around $21 billion in U.S. homes;
Remodeling 100 percent of homes at securing or opportunity; and
Serving more than 520,000 total occupants.
Extra highlights of Progress Residential’s monetary effect include:
85,000 single-family rental homes today;
2,600 homes being assembled;
$50,000 normal direct interest in homes north of 5-year time frame;
$707 million charges paid throughout recent years; and
More than $111 million rental help since March 2020.
Progress Residential likewise distributed a State-by-State Factsheet Series Hermit spyware on Android and iOS, containing measurements for the Company’s impression and financial effect for every one of the 22 states in which Progress Residential has a presence. Progress Residential urges the people who wish to get familiar with its obligation to serving its occupants and its communities in each state to visit rentprogressimpact.com.
About Progress Residential
Progress Residential is a market chief in shrewd single-family rental administration administrations, with individuals, innovation, scale, and information driven arrangements that smooth out tasks, upgrade resource execution, and give a remarkable leasing and living experience for our occupants. Progress Residential’s around 2,800 workers as of now oversee in excess of 85,000 homes across 30 business sectors. Progress Residential additionally offers outsider property the board administration for investors with mid-to-enormous single-family rental home portfolios and Built for Rent communities through its Progress Residential Management Services.