Rental Property Giant To Pay $49.75M Over Allegations of Deceptive Pricing and Illegal Business Practices

news.law November 12, 2026

Progress Residential and its owner, private equity firm Pretium Partners, have agreed to pay $49.75 million to settle allegations of deceptive rental pricing and illegal business practices.

Progress Residential operates as the largest property manager of single-family rental homes in the United States, with more than 90,000 properties in 17 states, including in Georgia. The company is owned by Pretium Partners.

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