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The transaction market remains very quiet and we are likewise remaining patient with what opportunities we do see.
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2022 Q4
7 Feb 23
we do expect that the overall rent growth for the market next year will be something around 3%
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2022 Q4
7 Feb 23
We're not seeing any real evidence, significant evidence building in any of our markets at this point relating to employment weakness or people losing jobs. We're not having any kind of issues surrounding collections. Migration trends continue to be very positive.
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2022 Q4
7 Feb 23
we still saw 12% of the leases that we did in the fourth quarter were for people moving into the Sunbelt from outside of Sunbelt
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2022 Q4
7 Feb 23
the lead volume and traffic that we're seeing is still strong
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2022 Q4
7 Feb 23
We continue to see job growth, positive migration trends, affordable rent-to-income ratios and low resident turnover.
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2022 Q4
7 Feb 23
with a rent price point average for our portfolio that appeals to our broad segment of the rental market and it is around 20% below the price point of the mostly high-end new product being delivered
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2022 Q4
7 Feb 23
Our expectations for the coming year are built on a lease-over-lease pricing environment of 3%. This performance assumption, coupled with the earn-in from 2022's rent growth should drive growth in effective rent per unit of around 7% over the coming year.
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2022 Q4
7 Feb 23
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