β Vacancy improved from the mid-June peak of 23 vacant units / 6.4% to 18 vacant units / 5.0%. However, most remaining vacancies are still tied to make-ready delays, repairs, pest treatment, inspections, or turnover work.
| Week | Vacant Units | Vacancy Rate | Ready Vacants | Not-Ready Vacants | Trend |
|---|---|---|---|---|---|
| 05/18 - 05/24 | 16 | 4.4% | 7 | 9 | Baseline |
| 05/25 - 05/31 | 18 | 5.0% | 7 | 11 | β¬οΈ Increased |
| 06/01 - 06/07 | 20 | 5.6% | 8 | 12 | β¬οΈ Increased |
| 06/08 - 06/14 | 23 | 6.4% | 8 | 15 | β οΈ Peak vacancy |
| 06/15 - 06/21 | 21 | 5.8% | 10 | 11 | β¬οΈ Improving |
| 06/22 - 06/28 | 18 | 5.0% | 7 | 11 | β Improved again |
| Property | Total Units | Vacant Units | Vacancy Rate | Ready / Not Ready | Waiting List | Current Pattern |
|---|---|---|---|---|---|---|
| Brookstone Village | 120 | 8 | 6.7% | 2 ready / 6 not ready | 5 | β οΈ Highest number of vacancies; low waiting list relative to vacancies. |
| Cedar Ridge Commons | 48 | 4 | 8.3% | 2 ready / 2 not ready | 16 | β οΈ Highest vacancy rate due to smaller property size. |
| Harbor Point Apartments | 96 | 2 | 2.1% | 1 ready / 1 not ready | 29 | β Stable low vacancy with strong demand. |
| Maple Crossing Townhomes | 32 | 0 | 0.0% | 0 ready / 0 not ready | 49 | π Fully occupied with strongest demand position. |
| Willow Creek Senior Villas | 64 | 4 | 6.3% | 2 ready / 2 not ready | 23 | β οΈ Elevated vacancy, but good waiting list should support recovery. |
| Property | Total Units | Previous Week Vacancy | Current Week Vacancy | Change | Insight |
|---|---|---|---|---|---|
| Brookstone Village | 120 | 9 units β 7.50% | 8 units β 6.67% | β -1 unit / -0.83 pp | Improved after two weeks at peak vacancy, but still elevated compared with May. |
| Cedar Ridge Commons | 48 | 5 units β 10.42% | 4 units β 8.33% | β -1 unit / -2.08 pp | Returned to its earlier baseline after three weeks at 10.42% vacancy. |
| Harbor Point Apartments | 96 | 2 units β 2.08% | 2 units β 2.08% | β No change | Stable and low vacancy; demand remains strong. |
| Maple Crossing Townhomes | 32 | 0 units β 0.00% | 0 units β 0.00% | β No change | Fully occupied again; strongest occupancy performance in the portfolio. |
| Willow Creek Senior Villas | 64 | 5 units β 7.81% | 4 units β 6.25% | β -1 unit / -1.56 pp | Improved from the recent peak, but still above the starting point in May. |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | 06/22β06/28 | Pattern |
|---|---|---|---|---|---|---|---|
| Brookstone Village | 5.00% | 5.83% | 6.67% | 7.50% | 7.50% | 6.67% | β οΈ Rose steadily through mid-June, now improving but still high. |
| Cedar Ridge Commons | 8.33% | 8.33% | 10.42% | 10.42% | 10.42% | 8.33% | β Spike stabilized and returned to prior baseline. |
| Harbor Point Apartments | 2.08% | 2.08% | 3.13% | 3.13% | 2.08% | 2.08% | β Consistently low vacancy with only a brief early-June increase. |
| Maple Crossing Townhomes | 3.13% | 3.13% | 0.00% | 3.13% | 0.00% | 0.00% | β Very strong occupancy; vacancies are quickly absorbed. |
| Willow Creek Senior Villas | 4.69% | 6.25% | 6.25% | 7.81% | 7.81% | 6.25% | β οΈ Improved this week, but remains above the May starting level. |
| Portfolio Total | 4.44% | 5.00% | 5.56% | 6.39% | 5.83% | 5.00% | β Improving after mid-June peak, but not yet back to the lowest level. |
| Property | Current Vacant Units | Ready / Yes | Not Ready / No | Primary Vacancy Blockers |
|---|---|---|---|---|
| Brookstone Village | 8 | 2 | 6 | Heavy turn, pest follow-up, move-out damages, carpet, cabinet repair, paint. |
| Cedar Ridge Commons | 4 | 2 | 2 | Pest treatment follow-up and paint. |
| Harbor Point Apartments | 2 | 1 | 1 | Countertop repair. |
| Maple Crossing Townhomes | 0 | 0 | 0 | No current vacancy. |
| Willow Creek Senior Villas | 4 | 2 | 2 | Smoke remediation, cleaning, and appliance replacement. |
| Property | Current Rent Loss | % of Portfolio Rent Loss | Vacant Units | Primary Rent Loss Drivers |
|---|---|---|---|---|
| Brookstone Village | $15,550.00 | 61.3% | 8 | Heavy turn delays, pest treatment, move-out damages, carpet/cleaning, cabinet repair, paint, and final inspection delays. |
| Willow Creek Senior Villas | $4,475.00 | 17.6% | 4 | Smoke remediation, appliance replacement, and lingering vacancy balances from older units. |
| Cedar Ridge Commons | $4,175.00 | 16.5% | 4 | Long-running plumbing-related vacancy, pest follow-up, paint, and carpet/turn items. |
| Harbor Point Apartments | $1,175.00 | 4.6% | 2 | Smaller vacancy exposure, mainly countertop repair and one aging vacant unit. |
| Maple Crossing Townhomes | $0.00 | 0.0% | 0 | No current rent loss from vacant units. |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | 06/22β06/28 | WoW Change |
|---|---|---|---|---|---|---|---|
| Brookstone Village | $9,200.00 | $11,750.00 | $14,700.00 | $16,850.00 | $17,950.00 | $15,550.00 | β¬οΈ $2,400.00 |
| Cedar Ridge Commons | $3,425.00 | $4,800.00 | $5,525.00 | $6,400.00 | $4,900.00 | $4,175.00 | β¬οΈ $725.00 |
| Harbor Point Apartments | $1,770.00 | $2,422.50 | $2,750.00 | $1,675.00 | $1,850.00 | $1,175.00 | β¬οΈ $675.00 |
| Maple Crossing Townhomes | $275.00 | $550.00 | $0.00 | $125.00 | $0.00 | $0.00 | β $0.00 |
| Willow Creek Senior Villas | $2,625.00 | $3,850.00 | $4,000.00 | $5,575.00 | $7,375.00 | $4,475.00 | β¬οΈ $2,900.00 |
| Portfolio Total | $17,295.00 | $23,372.50 | $26,975.00 | $30,625.00 | $32,075.00 | $25,375.00 | β¬οΈ $6,700.00 |
| Property | Previous Week 06/15β06/21 |
Current Week 06/22β06/28 |
Change | Trend |
|---|---|---|---|---|
| Brookstone Village | $17,950.00 | $15,550.00 | -$2,400.00 | β¬οΈ Improved, but still highest loss |
| Cedar Ridge Commons | $4,900.00 | $4,175.00 | -$725.00 | β¬οΈ Improved |
| Harbor Point Apartments | $1,850.00 | $1,175.00 | -$675.00 | β¬οΈ Improved |
| Maple Crossing Townhomes | $0.00 | $0.00 | $0.00 | β No rent loss |
| Willow Creek Senior Villas | $7,375.00 | $4,475.00 | -$2,900.00 | β¬οΈ Strong improvement |
| Week | Total Rent Loss | Week-over-Week Change |
|---|---|---|
| 05/18β05/24 | $17,295.00 | Baseline |
| 05/25β05/31 | $23,472.50 | +$6,177.50 |
| 06/01β06/07 | $26,975.00 | +$3,502.50 |
| 06/08β06/14 | $30,625.00 | +$3,650.00 |
| 06/15β06/21 | $32,075.00 | +$1,450.00 |
| 06/22β06/28 | $25,375.00 | -$6,700.00 |
| Property | 05/18 | 05/25 | 06/01 | 06/08 | 06/15 | 06/22 | Trend Insight |
|---|---|---|---|---|---|---|---|
| Brookstone Village | $9,200.00 | $11,750.00 | $14,700.00 | $16,850.00 | $17,950.00 | $15,550.00 | β¬οΈ Rose steadily for five weeks, then improved; still the largest exposure. |
| Cedar Ridge Commons | $3,425.00 | $4,800.00 | $5,525.00 | $6,400.00 | $4,900.00 | $4,175.00 | β¬οΈ Improving for two straight weeks after peaking on 06/08. |
| Harbor Point Apartments | $1,770.00 | $2,422.50 | $2,750.00 | $1,675.00 | $1,850.00 | $1,175.00 | β Lowest current rent loss among properties with vacancies. |
| Maple Crossing Townhomes | $275.00 | $550.00 | $0.00 | $125.00 | $0.00 | $0.00 | β Consistently minimal rent loss; currently no exposure. |
| Willow Creek Senior Villas | $2,625.00 | $3,850.00 | $4,000.00 | $5,575.00 | $7,375.00 | $4,475.00 | β¬οΈ Significant current improvement after a sharp multi-week increase. |
| Property | Delinquent Accounts | Total Delinquency | Rate by Units | Risk Level |
|---|---|---|---|---|
| Brookstone Village | 5 | $12,655 | 4.17% | π΄ High |
| Cedar Ridge Commons | 2 | $480 | 4.17% | π‘ Moderate by rate, low by dollars |
| Willow Creek Senior Villas | 1 | $75 | 1.56% | π’ Low |
| Harbor Point Apartments | 1 | $310 | 1.04% | π’ Low |
| Maple Crossing Townhomes | 0 | $0 | 0.00% | π’ Clear |
| Week | Total Delinquency | Delinquent Accounts | Portfolio Trend |
|---|---|---|---|
| 05/18β05/24 | $13,463 | 9 | Baseline |
| 05/25β05/31 | $14,993 | 11 | πΊ Increased |
| 06/01β06/07 | $14,630 | 12 | π‘ Slight improvement in dollars, higher account count |
| 06/08β06/14 | $15,420 | 12 | πΊ Peak delinquency period |
| 06/15β06/21 | $14,660 | 11 | π‘ Improving |
| 06/22β06/28 | $13,520 | 9 | π’ Continued improvement |
Portfolio delinquency: 9 delinquent households out of 360 units, or 2.50%, with a total listed delinquency balance of $13,520.00.
| Property | Current Week Balance | Current Rate | Previous Week Balance | Previous Rate | Change | Insight |
|---|---|---|---|---|---|---|
| Brookstone Village | $12,655.00 | 5 / 120 = 4.17% | $11,895.00 | 4 / 120 = 3.33% | πΊ +$760.00; +0.84 pts | Worsened due to one additional delinquent household and continued high balances. |
| Cedar Ridge Commons | $480.00 | 2 / 48 = 4.17% | $1,280.00 | 3 / 48 = 6.25% | π’ -$800.00; -2.08 pts | Strong improvement; rate remains elevated mainly because the property has fewer units. |
| Harbor Point Apartments | $310.00 | 1 / 96 = 1.04% | $1,035.00 | 2 / 96 = 2.08% | π’ -$725.00; -1.04 pts | Improved materially; only one delinquent account remains. |
| Maple Crossing Townhomes | $0.00 | 0 / 32 = 0.00% | $250.00 | 1 / 32 = 3.13% | π’ -$250.00; -3.13 pts | Resolved current delinquency. |
| Willow Creek Senior Villas | $75.00 | 1 / 64 = 1.56% | $200.00 | 1 / 64 = 1.56% | π’ -$125.00; flat rate | Same number of delinquent households, but balance reduced significantly. |
| Portfolio Total | $13,520.00 | 9 / 360 = 2.50% | $14,660.00 | 11 / 360 = 3.06% | π’ -$1,140.00; -0.56 pts | Overall improvement, but Brookstone remains the primary risk driver. |
| Week | Portfolio Balance | Delinquent Households | Portfolio Rate | Highest Rate Property | Key Trend |
|---|---|---|---|---|---|
| 2026-05-18 to 2026-05-24 | $13,463.00 | 9 | 2.50% | Cedar Ridge Commons β 4.17% | Baseline week; Brookstone already had the highest dollar exposure. |
| 2026-05-25 to 2026-05-31 | $14,993.00 | 11 | 3.06% | Cedar Ridge Commons β 4.17% | Portfolio delinquency increased, mainly from more delinquent households. |
| 2026-06-01 to 2026-06-07 | $14,630.00 | 12 | 3.33% | Cedar Ridge Commons β 6.25% | Household count peaked; Cedar rate increased due to 3 delinquent accounts. |
| 2026-06-08 to 2026-06-14 | $15,420.00 | 12 | 3.33% | Cedar Ridge Commons β 6.25% | Portfolio balance peaked; Brookstone reached $11,895.00. |
| 2026-06-15 to 2026-06-21 | $14,660.00 | 11 | 3.06% | Cedar Ridge Commons β 6.25% | Overall improvement began, but Brookstone remained elevated. |
| 2026-06-22 to 2026-06-28 | $13,520.00 | 9 | 2.50% | Brookstone Village / Cedar Ridge Commons β 4.17% | Portfolio improved to near-baseline levels, but Brookstone worsened. |
| Week | Total Vacant Units | Portfolio Vacancy Rate | Trend |
|---|---|---|---|
| 2026-05-18 to 2026-05-24 | 16 | 4.4% | Baseline |
| 2026-05-25 to 2026-05-31 | 18 | 5.0% | β¬οΈ Increased |
| 2026-06-01 to 2026-06-07 | 20 | 5.6% | β¬οΈ Increased |
| 2026-06-08 to 2026-06-14 | 23 | 6.4% | β οΈ Peak vacancy |
| 2026-06-15 to 2026-06-21 | 21 | 5.8% | β¬οΈ Improving |
| 2026-06-22 to 2026-06-28 | 18 | 5.0% | β Improved from prior week |
| Property | Vacant Units | Ready | Not Ready | Current Rent Loss | Status |
|---|---|---|---|---|---|
| Brookstone Village | 8 | 2 | 6 | $15,550 | β οΈ Highest vacancy and rent loss |
| Cedar Ridge Commons | 4 | 2 | 2 | $4,175 | β οΈ Improved, but one aged unit remains |
| Harbor Point Apartments | 2 | 1 | 1 | $1,175 | β Stable and well controlled |
| Maple Crossing Townhomes | 0 | 0 | 0 | $0 | β Fully occupied |
| Willow Creek Senior Villas | 4 | 2 | 2 | $4,475 | β οΈ Improved, but aged turns remain |
Key insight: Units vacant more than 30 days account for approximately $17,500 of the current rent loss, or nearly 69% of total vacancy-related loss.
| Metric | Previous Week 06/15β06/21 |
Current Week 06/22β06/28 |
Change |
|---|---|---|---|
| Total Vacant Units | 21 | 18 | β Down 3 |
| Ready Vacant Units | 10 | 7 | β οΈ Down 3 |
| Not-Ready Vacant Units | 11 | 11 | β No change |
| Portfolio Vacancy Rate | 5.8% | 5.0% | β Improved |
| Total Rent Loss | $32,075 | $25,375 | β Down $6,700 |
| Units Vacant 30+ Days | Approx. 7 | Approx. 6 | β Slight improvement |
| Property | Current Vacancy Status | Key Turnaround Issues | Assessment |
|---|---|---|---|
| Brookstone Village |
8 vacant units 6 not ready / 2 ready Rent loss: $15,550 |
|
π΄ Highest-risk property. Vacancy count improved by 1, but the maintenance backlog remains heavy. Long-running turns are driving the largest rent loss in the portfolio. |
| Cedar Ridge Commons |
4 vacant units 2 not ready / 2 ready Rent loss: $4,175 |
|
π Improved from 5 to 4 vacancies. Maintenance backlog reduced slightly, but older unit 214 remains a vacancy exposure. |
| Harbor Point Apartments |
2 vacant units 1 not ready / 1 ready Rent loss: $1,175 |
|
π’ Generally efficient. Low vacancy count and low average age. Focus should be on keeping minor repair items from aging. |
| Maple Crossing Townhomes |
0 vacant units Rent loss: $0 |
None reported | π’ Best performer. Strong demand and quick leasing/turnaround performance. |
| Willow Creek Senior Villas |
4 vacant units 2 not ready / 2 ready Rent loss: $4,475 |
|
π Improved from 5 to 4 vacancies. However, smoke remediation and appliance-related delays remain recurring barriers. |
Key insight: The current week has approximately 6 units vacant 30+ days, accounting for roughly $17,500 of the $25,375 total rent loss. A small number of aged units are driving most of the financial impact.
| Week | Total Vacant | Not Ready | Ready | Rent Loss | Trend |
|---|---|---|---|---|---|
| 05/18β05/24 | 16 | 9 | 7 | $17,295 | Baseline week; moderate backlog |
| 05/25β05/31 | 18 | 11 | 7 | $23,373 | β οΈ Backlog and rent loss increased |
| 06/01β06/07 | 20 | 12 | 8 | $26,975 | β οΈ Continued deterioration |
| 06/08β06/14 | 23 | 15 | 8 | $31,100 | π΄ Worst backlog period |
| 06/15β06/21 | 21 | 11 | 10 | $32,075 | Mixed: fewer not-ready units, but rent loss peaked |
| 06/22β06/28 | 18 | 11 | 7 | $25,375 | β Vacancy and rent loss improved, but not-ready count remained unchanged |
Total current pending recertifications: 27 across all properties.
| Property | 05/18 | 05/25 | 06/01 | 06/08 | 06/15 | 06/22 | Current Trend |
|---|---|---|---|---|---|---|---|
| Brookstone Village | 3 | 4 | 5 | 6 | 8 | 9 | π΄ Increasing backlog |
| Cedar Ridge Commons | 8 | 10 | 12 | 14 | 13 | 9 | π‘ Improving, but still high |
| Harbor Point Apartments | 4 | 3 | 3 | 2 | 2 | 1 | π’ Strong improvement |
| Maple Crossing Townhomes | 1 | 1 | 0 | 1 | 0 | 0 | π’ No current recert workload |
| Willow Creek Senior Villas | 12 | 11 | 10 | 10 | 9 | 8 | π‘ Gradual improvement |
| Property | Recert Time | Previous Week 06/15β06/21 |
Current Week 06/22β06/28 |
Change | Current Pending % of Units | Status Insight |
|---|---|---|---|---|---|---|
| Brookstone Village | Yes | 8 | 9 | β² +1 | 7.5% | β οΈ Pending recerts continue to rise; requires attention. |
| Cedar Ridge Commons | Yes | 13 | 9 | βΌ -4 | 18.8% | β οΈ Improved sharply, but still highest burden relative to property size. |
| Harbor Point Apartments | Yes | 2 | 1 | βΌ -1 | 1.0% | β Low pending count and improving. |
| Maple Crossing Townhomes | No | 0 | 0 | β | 0.0% | β No active recertification workload reported. |
| Willow Creek Senior Villas | Yes | 9 | 8 | βΌ -1 | 12.5% | π‘ Steady improvement, but still a meaningful compliance workload. |
Key concern: Cedar Ridge Commons has the strongest compliance pressure because 9 pending recerts represent nearly one-fifth of its total units.
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | 06/22β06/28 | Trend |
|---|---|---|---|---|---|---|---|
| Brookstone Village | 3 | 4 | 5 | 6 | 8 | 9 | π΄ Increasing for six consecutive weeks. |
| Cedar Ridge Commons | 8 | 10 | 12 | 14 | 13 | 9 | π‘ Peaked at 14, now improving but still high. |
| Harbor Point Apartments | 4 | 3 | 3 | 2 | 2 | 1 | β Consistent improvement. |
| Maple Crossing Townhomes | 1 | 1 | 0 | 1 | 0 | 0 | β Minimal or inactive recert workload. |
| Willow Creek Senior Villas | 12 | 11 | 10 | 10 | 9 | 8 | β Gradual steady reduction. |