Chaz Mueller | CEO of Progress Residential and Dana Hamilton | Head of Real Estate at Pretium

Summary: Long-term colleagues Chaz Mueller, CEO of Progress Residential, and Dana Hamilton, Head of Real Estate of Pretium, jointly speak with Matt on this week’s episode of Leading Voices in Real Estate to talk about the single-family rental business. Progress Residential, a portfolio holding of Pretium, is the country’s largest privately held owner and operator of single-family rental. Dana and Chaz share the dynamics and drivers of the single-family rental business, which has only recently emerged as a significant real estate asset class, institutionalizing a heretofore wholly “mom and pop” business. Dana and Chaz were among the founding leadership team at Archstone, which in the late ’90s, along with the other apartment REITs, were similarly institutionalizing a non-institutional business. They talk about the parallels between the early days at Archstone and this still-emerging business in single-family rentals as a new and permanent institutional asset class.