arts
Progress Residential scores $385M refi for resi portfolio amid federal housing act
By Eman Elshahawy at The Real Deal
· July 14, 2026
· 1 min read
Progress Residential, one of the nation’s largest owners of single-family rental homes, landed a $384.7 million refinancing backed by a multi-state residential portfolio that includes homes in Broward County. Goldman Sachs Mortgage Company provided the loan to the Scottsdale, Arizona-based landlord
Key takeaway 7 million refinancing backed by a multi-state residential portfolio that includes homes in Broward County.
Why this matters in The Miami
The significant refinancing of Progress Residential's portfolio, which includes properties in Broward County, has implications for the local housing market. With a valuation of over $1.1 million per home in Broward, this deal suggests that single-family rental homes in the area are being valued at a premium. This could further limit affordable housing options for local residents, particularly in cities like Fort Lauderdale, Pompano Beach, and Lauderhill, where Progress Residential has a notable presence. As Miami -Dade County's neighboring county, Broward's housing market trends can have a ripple effect on the regional market, potentially influencing housing prices and availability in Miami. The deal's connection to federal housing acts may also warrant attention from local policymakers and housing advocates, who should consider how such large-scale investments impact the availability of affordable housing in South Florida.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 14, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Progress Residential, one of the nation’s largest owners of single-family rental homes, landed a $384.7 million refinancing backed by a multi-state residential portfolio that includes homes in Broward County. Goldman Sachs Mortgage Company provided the loan to the Scottsdale, Arizona-based landlord
When was this published? This article was first published on July 14, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Eman Elshahawy at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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