Former President and Chief Operating Officer of Archstone to Lead Progress Residential
6 June 2018
Scottsdale, Arizona – June 6, 2018 – Progress Residential, a leading owner and operator of high-quality single-family homes for rent, formed by alternative investment manager Pretium Partners, LLC, today announced that Chaz Mueller has joined Progress Residential as Chief Executive Officer.
Mr. Mueller joins Progress Residential with nearly 25 years of experience in the multi-family housing industry. Mr. Mueller brings his expertise in applying best-in-class utilization of human and technology resources, highly sophisticated pricing and revenue management, and superior asset allocation and investment decision-making to Progress Residential.
Most recently, Mr. Mueller served as President of Irvine Company Apartment Communities, a California-based real estate investment firm with more than 58,000 apartments. Previously, he was President and Chief Operating Officer of Archstone, a $20-billion owner and operator of high-quality apartment communities, where he was a senior executive for nearly 20 years.
Donald Mullen, Founder and Chief Executive Officer of Pretium said, “Chaz is a proven leader and we are thrilled to welcome him to the Progress team. We are confident that Chaz’s extensive multi-family housing background will further enhance our single-family home operations.”
Dana Hamilton, Head of Real Estate at Pretium, said, “Having worked closely with Chaz at Archstone for nearly 20 years, I believe there is no one better suited to lead Progress Residential and drive this business and industry forward.”
Mr. Mueller added, “I am very excited to join a leading company in the single-family rental industry, especially at a time when the industry is poised to experience significant growth. Progress Residential has a great team—and I look forward to continuing to build that team in order to provide a tremendous living experience for our residents in the markets we serve.”
Progress is the third largest single-family rental company in the country with more than 25,000 homes owned and under management.
About Pretium Partners
Founded in 2012, Pretium Partners, is a leading alternative asset management firm focused on residential real estate, mortgage finance and credit. The firm seeks to capitalize on investment and lending opportunities arising because of structural changes within the economy, the U.S. housing sector and the mortgage finance market. For more information, please visit http://pretiumpartnersllc.com/.
About Progress Residential
Progress Residential is one of the largest providers of high quality single-family rental homes in the United States, with more than 25,000 homes owned and managed in 15 of the country’s fastest growing markets. Progress’ corporate office is currently located in Scottsdale, Arizona. The company has regional offices in Atlanta, Charlotte, Dallas, Houston, Indianapolis, Jacksonville, Las Vegas, Memphis, Miami, Nashville, Orlando, Phoenix, Raleigh, Sarasota and Tampa. Concurrent with Mr. Mueller’s joining, Progress will establish its executive offices in Dallas. Progress is committed to creating a new way of living in the 21st century. For more information, please visit https://rentprogress.com/.
Media Relations Contacts
Gasthalter & Co.