Progress Residential and its owner, Pretium Partners, deny FTC allegations it advertised false rental prices and charged hidden fees.
Progress Residential owns homes at the Winslow at Eagles Landing neighborhood near McDonough, according to property records. The Arizona-based company is among the largest landlords of single-family rental homes in metro Atlanta. (Hyosub Shin/AJC 2023)
A prominent landlord that owns and manages thousands of single-family rental homes in metro Atlanta has agreed to settle allegations the company misled renters with deceptive pricing practices.
Arizona-based Progress Residential and its owner, private equity firm Pretium Partners, agreed to pay nearly $50 million to settle claims brought by the Federal Trade Commission and the states of Arizona, Colorado, Indiana and Utah.
The FTC alleges the companies advertised false rental prices, charged hidden fees, failed to inspect homes before residents moved in, improperly deducted amounts from security deposits, restricted customers from making negative reviews and failed to provide adequate customer service.
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Metro Atlanta leads US in investor-owned rental homes
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What’s in the proposed settlement
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Amy Wenk is the consumer brands reporter for the AJC.
