Pretium Partners Securitization of Progress Residential 2025-SFR3

Deal value: $778.5 million

Pretium Partners completed a first-of-its-kind securitization of only purpose-built rental housing, Progress Residential 2025-SFR3, consisting of 2,020 homes across 21 BTR communities in the U.S.

The core motivation is to institutionalize and scale the build-to-rent (BTR) segment within the single-family rental (SFR) market, capitalizing on strong demand for high-quality rental housing among families. This first-of-its-kind securitization allows Pretium Partners to unlock capital from stabilized BTR assets, recycle proceeds into further development, and reinforce its leadership in the SFR sector. The timing reflects investor appetite for residential real estate exposure and the growing recognition of BTR as a resilient, income-generating asset class.