β Demand appears strong overall because the waiting list significantly exceeds the number of vacant units. The main occupancy constraint is not lack of demand, but the number of units that are not yet ready to lease.
| Property | Units | Vacant | Vacancy Rate | Ready | Not Ready | Waiting List | Key Insight |
|---|---|---|---|---|---|---|---|
| Brookstone Village | 120 | 9 | 7.5% | 3 | 6 | 4 | High vacancy volume and limited waitlist depth; multiple delayed turns. |
| Cedar Ridge Commons | 48 | 5 | 10.4% | 2 | 3 | 16 | Highest vacancy rate; small property size magnifies impact of 5 vacant units. |
| Harbor Point Apartments | 96 | 2 | 2.1% | 2 | 0 | 27 | Strong position; all vacant units are ready or near-ready. |
| Maple Crossing Townhomes | 32 | 0 | 0.0% | 0 | 0 | 47 | Best performer; no current vacancy and very strong demand. |
| Willow Creek Senior Villas | 64 | 5 | 7.8% | 3 | 2 | 21 | Elevated vacancy driven by longer turn/repair timelines. |
| Week | Total Vacant Units | Portfolio Vacancy Rate | Ready Units | Not-Ready Units | Waiting List |
|---|---|---|---|---|---|
| 2026-05-18 to 2026-05-24 | 16 | 4.4% | 7 | 9 | 97 |
| 2026-05-25 to 2026-05-31 | 18 | 5.0% | 7 | 11 | 103 |
| 2026-06-01 to 2026-06-07 | 20 | 5.6% | 8 | 12 | 107 |
| 2026-06-08 to 2026-06-14 | 23 | 6.4% | 8 | 15 | 109 |
| 2026-06-15 to 2026-06-21 | 21 | 5.8% | 10 | 11 | 115 |
The portfolio is improving from last week, but vacancy remains above May levels. The strongest opportunity is to convert ready units quickly while accelerating repairs on the 11 not-ready units. Brookstone needs the most attention due to high vacancy volume and weaker waitlist depth, while Cedar Ridge has the highest percentage vacancy and Willow Creek has persistent repair-related vacancy pressure.
| Property | Total Units | Previous Week Vacant | Previous Rate | Current Week Vacant | Current Rate | Change | Trend |
|---|---|---|---|---|---|---|---|
| Brookstone Village | 120 | 9 | 7.50% | 9 | 7.50% | 0.00 pts | β‘οΈ Flat |
| Cedar Ridge Commons | 48 | 5 | 10.42% | 5 | 10.42% | 0.00 pts | β‘οΈ Flat |
| Harbor Point Apartments | 96 | 3 | 3.13% | 2 | 2.08% | -1.04 pts | β Improved |
| Maple Crossing Townhomes | 32 | 1 | 3.13% | 0 | 0.00% | -3.13 pts | β Fully occupied |
| Willow Creek Senior Villas | 64 | 5 | 7.81% | 5 | 7.81% | 0.00 pts | β‘οΈ Flat |
| Total Portfolio | 360 | 23 | 6.39% | 21 | 5.83% | -0.56 pts | β Improved |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | Pattern |
|---|---|---|---|---|---|---|
| Brookstone Village | 5.00% | 5.83% | 6.67% | 7.50% | 7.50% | β οΈ Increased, then stalled at elevated level |
| Cedar Ridge Commons | 8.33% | 8.33% | 10.42% | 10.42% | 10.42% | β οΈ High and flat for three weeks |
| Harbor Point Apartments | 2.08% | 2.08% | 3.13% | 3.13% | 2.08% | β Returned to low vacancy |
| Maple Crossing Townhomes | 3.13% | 3.13% | 0.00% | 3.13% | 0.00% | β Quickly absorbs vacancies |
| Willow Creek Senior Villas | 4.69% | 6.25% | 6.25% | 7.81% | 7.81% | β οΈ Gradual increase, now flat |
| Total Portfolio | 4.44% | 5.00% | 5.56% | 6.39% | 5.83% | π Improved this week, but still above mid-May |
| Week | Total Vacant Units | Ready Units | Not Ready Units | Readiness Rate |
|---|---|---|---|---|
| 05/18β05/24 | 16 | 7 | 9 | 43.8% |
| 05/25β05/31 | 18 | 7 | 11 | 38.9% |
| 06/01β06/07 | 20 | 8 | 12 | 40.0% |
| 06/08β06/14 | 23 | 8 | 15 | 34.8% |
| 06/15β06/21 | 21 | 10 | 11 | 47.6% |
| Rank | Property | Current Rent Loss | Vacant Units | Avg. Loss / Vacant Unit | Portfolio Share | WoW Change |
|---|---|---|---|---|---|---|
| 1 | Brookstone Village | $17,950 | 9 | $1,994 | 56.0% | β² $1,100 |
| 2 | Willow Creek Senior Villas | $7,375 | 5 | $1,475 | 23.0% | β² $1,800 |
| 3 | Cedar Ridge Commons | $4,900 | 5 | $980 | 15.3% | βΌ $1,500 |
| 4 | Harbor Point Apartments | $1,850 | 2 | $925 | 5.8% | β² $175 |
| 5 | Maple Crossing Townhomes | $0 | 0 | $0 | 0.0% | βΌ $125 |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | Trend Insight |
|---|---|---|---|---|---|---|
| Brookstone Village | $9,200 | $11,750 | $14,700 | $16,850 | $17,950 | Consistent upward trend; highest portfolio risk. |
| Cedar Ridge Commons | $3,425 | $4,800 | $5,525 | $6,400 | $4,900 | Improved this week, but still above May baseline. |
| Harbor Point Apartments | $1,770 | $2,422.50 | $2,750 | $1,675 | $1,850 | Generally controlled, slight increase this week. |
| Maple Crossing Townhomes | $275 | $550 | $0 | $125 | $0 | Best performer; no current rent loss. |
| Willow Creek Senior Villas | $2,625 | $3,850 | $4,000 | $5,575 | $7,375 | Fastest week-over-week increase. |
| Portfolio Total | $17,295 | $23,372.50 | $26,975 | $30,625 | $32,075 | Total rent loss has increased 85% since 05/18β05/24. |
Current week: 2026-06-15 to 2026-06-21 | Previous week: 2026-06-08 to 2026-06-14
| Property | Previous Week Rent Loss | Current Week Rent Loss | Change | Trend | Primary Rent Loss Drivers |
|---|---|---|---|---|---|
| ποΈ Brookstone Village | $16,850.00 | $17,950.00 | +$1,100.00 / +6.5% | πΊ Increasing | Heavy turn on Unit 501, long-aging vacancies, flooring delays, pest follow-up, move-out damages, carpet/cleaning, cabinet repair, and paint work. |
| π’ Cedar Ridge Commons | $6,400.00 | $4,900.00 | -$1,500.00 / -23.4% | π’ Improving | Plumbing parts pending on Unit 214, pest treatment follow-up, carpet cleaning. Improvement appears driven by removal of prior high-loss Unit 101. |
| π Harbor Point Apartments | $1,675.00 | $1,850.00 | +$175.00 / +10.4% | π‘ Slight increase | Current vacant units appear ready, so rent loss is more likely tied to lease-up timing rather than turn delays. |
| π³ Maple Crossing Townhomes | $125.00 | $0.00 | -$125.00 / -100.0% | π’ Resolved | No current rent loss reported. |
| π‘ Willow Creek Senior Villas | $5,575.00 | $7,375.00 | +$1,800.00 / +32.3% | πΊ Increasing sharply | Aging vacancies tied to accessible bathroom repair, smoke remediation, carpet replacement, and final inspection delays. |
| Portfolio Total | $30,625.00 | $32,075.00 | +$1,450.00 / +4.7% | πΊ Still rising | Brookstone Village and Willow Creek Senior Villas are driving most of the increase. |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | Overall Direction |
|---|---|---|---|---|---|---|
| ποΈ Brookstone Village | $9,200.00 | $11,750.00 | $14,700.00 | $16,850.00 | $17,950.00 | πΊ Continuous increase |
| π’ Cedar Ridge Commons | $3,425.00 | $4,800.00 | $5,525.00 | $6,400.00 | $4,900.00 | π‘ Improved this week after prior increases |
| π Harbor Point Apartments | $1,770.00 | $2,422.50 | $2,750.00 | $1,675.00 | $1,850.00 | π‘ Low but fluctuating |
| π³ Maple Crossing Townhomes | $275.00 | $550.00 | $0.00 | $125.00 | $0.00 | π’ Controlled |
| π‘ Willow Creek Senior Villas | $2,625.00 | $3,850.00 | $4,000.00 | $5,575.00 | $7,375.00 | πΊ Strong upward trend |
| Portfolio Total | $17,295.00 | $23,472.50 | $26,975.00 | $30,625.00 | $32,075.00 | πΊ Increasing every week |
| Rank | Property | Delinquent Accounts | Units | Delinquency Rate | Total Delinquency | WoW Change | Key Insight |
|---|---|---|---|---|---|---|---|
| 1οΈβ£ | Cedar Ridge Commons | 3 | 48 | 6.25% | $1,280 | Accounts flat; dollars down $400 | Highest rate due to 3 delinquent accounts in a smaller property. Balance is improving but account count has not yet declined. |
| 2οΈβ£ | Brookstone Village | 4 | 120 | 3.33% | $11,895 | Accounts down 1; dollars flat | Largest financial risk. Delinquency is concentrated in two large recurring balances, keeping total dollars elevated despite fewer accounts. |
| 3οΈβ£ | Maple Crossing Townhomes | 1 | 32 | 3.13% | $250 | Up from 0 accounts / $0 | Rate appears elevated because the property is small; actual dollar exposure is low but should be addressed quickly. |
| Property | 05/18-05/24 | 05/25-05/31 | 06/01-06/07 | 06/08-06/14 | 06/15-06/21 | Trend |
|---|---|---|---|---|---|---|
| Brookstone Village | 3 accts / 2.50% / $8,568 | 4 accts / 3.33% / $9,968 | 4 accts / 3.33% / $10,425 | 5 accts / 4.17% / $11,895 | 4 accts / 3.33% / $11,895 | β οΈ Dollars remain at peak level despite one fewer account. |
| Cedar Ridge Commons | 2 accts / 4.17% / $1,520 | 2 accts / 4.17% / $1,695 | 3 accts / 6.25% / $1,830 | 3 accts / 6.25% / $1,680 | 3 accts / 6.25% / $1,280 | πΆ Rate remains highest, but dollars are improving. |
| Harbor Point Apartments | 2 accts / 2.08% / $2,615 | 2 accts / 2.08% / $2,265 | 2 accts / 2.08% / $1,665 | 2 accts / 2.08% / $1,435 | 2 accts / 2.08% / $1,035 | β Consistent improvement in dollars with stable account count. |
| Maple Crossing Townhomes | 0 accts / 0.00% / $0 | 1 acct / 3.13% / $405 | 0 accts / 0.00% / $0 | 0 accts / 0.00% / $0 | 1 acct / 3.13% / $250 | π Intermittent small-balance delinquency. |
| Willow Creek Senior Villas | 2 accts / 3.13% / $760 | 2 accts / 3.13% / $660 | 3 accts / 4.69% / $710 | 2 accts / 3.13% / $410 | 1 acct / 1.56% / $200 | β Best current improvement; lowest rate and balance. |
Rate basis: delinquent resident accounts divided by total units. Dollar exposure: rent, fees, and damage amounts shown in the delinquency column.
| Property | Units | Delinquent Accounts | Delinquency Rate | Total Delinquency | $/Unit Exposure | WoW Dollar Change |
|---|---|---|---|---|---|---|
| Cedar Ridge Commons | 48 | 3 | 6.25% | $1,280 | $26.67 | β¬οΈ $400 |
| Brookstone Village | 120 | 4 | 3.33% | $11,895 | $99.13 | β‘οΈ $0 |
| Maple Crossing Townhomes | 32 | 1 | 3.13% | $250 | $7.81 | β¬οΈ $250 |
| Harbor Point Apartments | 96 | 2 | 2.08% | $1,035 | $10.78 | β¬οΈ $400 |
| Willow Creek Senior Villas | 64 | 1 | 1.56% | $200 | $3.13 | β¬οΈ $210 |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | Trend Insight |
|---|---|---|---|---|---|---|
| Brookstone Village | $8,568 | $9,968 | $10,425 | $11,895 | $11,895 | π΄ Dollar exposure has risen significantly over time and remains the largest risk. |
| Cedar Ridge Commons | $1,520 | $1,695 | $1,830 | $1,680 | $1,280 | π‘ Dollars are improving, but delinquent account rate remains the highest. |
| Harbor Point Apartments | $2,615 | $2,265 | $1,665 | $1,435 | $1,035 | π’ Strong downward trend; balances are consistently improving. |
| Maple Crossing Townhomes | $0 | $405 | $0 | $0 | $250 | π’ Intermittent, low-dollar delinquency; no major pattern of sustained exposure. |
| Willow Creek Senior Villas | $760 | $660 | $710 | $410 | $200 | π’ Best improvement; delinquency is nearly cleared. |
β Maintenance readiness improved week-over-week, but rent loss continues to rise because several long-vacant units remain unresolved or unleased.
| Week | Total Vacant | Not Ready | Ready | Rent Loss | Waiting List | Insight |
|---|---|---|---|---|---|---|
| 05/18β05/24 | 16 | 9 | 7 | $17,295 | 97 | Baseline week; several older turns already present. |
| 05/25β05/31 | 18 | 11 | 7 | $23,422.50 | 103 | Vacancy and rent loss increased. |
| 06/01β06/07 | 20 | 12 | 8 | $26,975 | 107 | Additional move-outs outpaced turn completion. |
| 06/08β06/14 | 23 | 15 | 8 | $30,625 | 109 | Peak vacancy and not-ready count. |
| 06/15β06/21 | 21 | 11 | 10 | $32,075 | 115 | Readiness improved, but aged rent loss remains high. |
| Property | Vacant Units | Vacancy Rate | Not Ready | Ready | Rent Loss | Status |
|---|---|---|---|---|---|---|
| Brookstone Village | 9 | 7.5% | 6 | 3 | $17,950 | π΄ Highest rent loss and largest not-ready backlog. |
| Cedar Ridge Commons | 5 | 10.4% | 3 | 2 | $4,900 | π Small property with elevated vacancy rate; parts delays continue. |
| Harbor Point Apartments | 2 | 2.1% | 0 | 2 | $1,850 | π’ Strong turnaround progress; leasing follow-up needed. |
| Maple Crossing Townhomes | 0 | 0.0% | 0 | 0 | $0 | π’ Best performer; no current vacancy. |
| Willow Creek Senior Villas | 5 | 7.8% | 2 | 3 | $7,375 | π Readiness improved, but aged vacancies remain costly. |
| Metric | Previous Week 06/08 - 06/14 |
Current Week 06/15 - 06/21 |
Change | Insight |
|---|---|---|---|---|
| Total Vacant Units | 23 | 21 | β¬οΈ -2 | Positive movement; fewer total vacancies. |
| Not-Ready Units | 15 | 11 | β¬οΈ -4 | Maintenance turnaround improved this week. |
| Ready Units | 8 | 10 | β¬οΈ +2 | More units are available for lease-up. |
| Readiness Rate | 34.8% | 47.6% | β¬οΈ +12.8 pts | Best readiness rate in the reviewed period. |
| Total Rent Loss | $30,625 | $32,075 | β¬οΈ +$1,450 | Financial impact is still worsening due to aged vacancies. |
| Property | Vacant Units | Ready / Not Ready | Current Status | Maintenance Efficiency |
|---|---|---|---|---|
| Brookstone Village | 9 | 3 Ready / 6 Not Ready | π οΈ Heavy concentration of unresolved turns: flooring, pest follow-up, damages, carpet/cleaning, cabinet repair, and paint. | β οΈ Weak. Status is unchanged from the prior week, and rent loss increased to $17,950. |
| Cedar Ridge Commons | 5 | 2 Ready / 3 Not Ready | π§° Plumbing parts, pest follow-up, and carpet cleaning remain active blockers. | β οΈ Mixed. Unit 101 appears resolved, but overall vacancy readiness did not improve week-over-week. |
| Harbor Point Apartments | 2 | 2 Ready / 0 Not Ready | β All vacant units are ready. | π’ Strong. Best maintenance turnaround performance this week. |
| Maple Crossing Townhomes | 0 | 0 Ready / 0 Not Ready | β No vacant units. | π’ Excellent. Strong pre-leasing and turnaround execution. |
| Willow Creek Senior Villas | 5 | 3 Ready / 2 Not Ready | π οΈ Remaining blockers include smoke remediation and final inspection. | π‘ Improving. Not-ready units dropped from 4 to 2, but older vacancies continue to create rent loss. |
| Priority | Property / Unit | Vacated Date | Approx. Days Vacant as of 06/21 | Rent Loss | Issue / Concern |
|---|---|---|---|---|---|
| π΄ Critical | Brookstone Village - 501 | 04/18/2026 | 64 days | $6,700 | Heavy turn; flooring still not complete. |
| π΄ Critical | Willow Creek - 102 | 04/28/2026 | 54 days | $3,200 | Previously tied to accessible bathroom repair; appears ready or near-ready but still producing rent loss. |
| π΄ Critical | Brookstone Village - 212 | 05/01/2026 | 51 days | $3,500 | Long-standing vacancy; application was denied, creating lease-up delay. |
| π΄ Critical | Brookstone Village - 608 | 05/10/2026 | 42 days | $2,300 | Pest treatment follow-up remains unresolved. |
| π΄ Critical | Cedar Ridge - 214 | 05/12/2026 | 40 days | $2,000 | Plumbing parts pending; procurement delay. |
| π High | Brookstone Village - 119 | 05/12/2026 | 40 days | $1,850 | Likely ready but still vacant; needs lease-up focus. |
| π High | Willow Creek - 314 | 05/18/2026 | 34 days | $1,525 | Smoke remediation and cleaning remain open. |
| Week | Total Vacant | Ready | Not Ready | Readiness Rate | Total Rent Loss |
|---|---|---|---|---|---|
| 05/18 - 05/24 | 16 | 7 | 9 | 43.8% | $17,295 |
| 05/25 - 05/31 | 18 | 7 | 11 | 38.9% | $23,372.50 |
| 06/01 - 06/07 | 20 | 8 | 12 | 40.0% | $26,975 |
| 06/08 - 06/14 | 23 | 8 | 15 | 34.8% | $30,625 |
| 06/15 - 06/21 | 21 | 10 | 11 | 47.6% | $32,075 |
| Property | Units | Recerts to Complete | % of Units Pending | Risk Level |
|---|---|---|---|---|
| Cedar Ridge Commons | 48 | 13 | 27.1% | π΄ High |
| Willow Creek Senior Villas | 64 | 9 | 14.1% | π Elevated |
| Brookstone Village | 120 | 8 | 6.7% | π Rising |
| Harbor Point Apartments | 96 | 2 | 2.1% | π’ Low |
| Maple Crossing Townhomes | 32 | 0 | 0.0% | π’ Clear |
| Property | 05/18 | 05/25 | 06/01 | 06/08 | 06/15 | Trend |
|---|---|---|---|---|---|---|
| Brookstone Village | 3 | 4 | 5 | 6 | 8 | π΄ Increasing each week |
| Cedar Ridge Commons | 8 | 10 | 12 | 14 | 13 | π Slight weekly improvement, still highest |
| Harbor Point Apartments | 4 | 3 | 3 | 2 | 2 | π’ Improving / stable |
| Maple Crossing Townhomes | 1 | 1 | 0 | 1 | 0 | π’ Controlled |
| Willow Creek Senior Villas | 12 | 11 | 10 | 10 | 9 | π’ Gradual improvement |
| Property | Units | Current Week 06/15β06/21 |
Previous Week 06/08β06/14 |
Change | Current Pending % | Risk Level |
|---|---|---|---|---|---|---|
| Brookstone Village | 120 | 8 pending Recert Time: Yes |
6 pending | β² +2 | 6.7% | β οΈ Moderate, rising |
| Cedar Ridge Commons | 48 | 13 pending Recert Time: Yes |
14 pending | βΌ -1 | 27.1% | π¨ Highest risk |
| Harbor Point Apartments | 96 | 2 pending Recert Time: Yes |
2 pending | β¬ 0 | 2.1% | β Low |
| Maple Crossing Townhomes | 32 | 0 pending Recert Time: No |
1 pending | βΌ -1 | 0.0% | β Low / current cycle closed |
| Willow Creek Senior Villas | 64 | 9 pending Recert Time: Yes |
10 pending | βΌ -1 | 14.1% | β οΈ Elevated |
| Property | 05/18β05/24 | 05/25β05/31 | 06/01β06/07 | 06/08β06/14 | 06/15β06/21 | Trend Insight |
|---|---|---|---|---|---|---|
| Brookstone Village | 3 | 4 | 5 | 6 | 8 | π΄ Consistent increase; backlog is accelerating. |
| Cedar Ridge Commons | 8 | 10 | 12 | 14 | 13 | π Improved slightly this week, but still the highest pending volume. |
| Harbor Point Apartments | 4 | 3 | 3 | 2 | 2 | π’ Stable improvement; backlog is controlled. |
| Maple Crossing Townhomes | 1 | 1 | 0 | 1 | 0 | π’ Minimal recertification exposure. |
| Willow Creek Senior Villas | 12 | 11 | 10 | 10 | 9 | π‘ Gradual improvement, but still elevated. |
| Total | 28 | 29 | 30 | 33 | 32 | π Total pending recerts decreased by 1 this week but remain above the starting point. |