| Week | Vacant Units | Vacancy Rate | Trend |
|---|---|---|---|
| 2026-05-18 to 2026-05-24 | 16 | 4.44% | Baseline |
| 2026-05-25 to 2026-05-31 | 18 | 5.00% | β¬οΈ Increased |
| 2026-06-01 to 2026-06-07 | 20 | 5.56% | β¬οΈ Increased |
| 2026-06-08 to 2026-06-14 | 23 | 6.39% | πΊ Peak |
| 2026-06-15 to 2026-06-21 | 21 | 5.83% | β¬οΈ Improved |
| 2026-06-22 to 2026-06-28 | 18 | 5.00% | β¬οΈ Improved |
| 2026-06-29 to 2026-07-05 | 17 | 4.72% | β¬οΈ Improved |
| 2026-07-06 to 2026-07-12 | 14 | 3.89% | β Lowest in period |
| Property | Total Units | Vacant Units | Vacancy Rate | Rent-Ready | Not Ready | Waiting List |
|---|---|---|---|---|---|---|
| Brookstone Village | 120 | 7 | 5.83% | 2 | 5 | 6 |
| Cedar Ridge Commons | 48 | 3 | 6.25% | 2 | 1 | 17 |
| Harbor Point Apartments | 96 | 1 | 1.04% | 1 | 0 | 33 |
| Maple Crossing Townhomes | 32 | 0 | 0.00% | 0 | 0 | 55 |
| Willow Creek Senior Villas | 64 | 3 | 4.69% | 2 | 1 | 24 |
Portfolio vacancy improved from 17 vacant units / 360 units to 14 vacant units / 360 units.
| Property | Units | Previous Week Vacant | Previous Rate | Current Week Vacant | Current Rate | Change | Trend |
|---|---|---|---|---|---|---|---|
| Brookstone Village | 120 | 8 | 6.67% | 7 | 5.83% | -1 | π Improving |
| Cedar Ridge Commons | 48 | 3 | 6.25% | 3 | 6.25% | 0 | β‘οΈ Stable |
| Harbor Point Apartments | 96 | 1 | 1.04% | 1 | 1.04% | 0 | β‘οΈ Stable / Strong |
| Maple Crossing Townhomes | 32 | 1 | 3.13% | 0 | 0.00% | -1 | β Fully Occupied |
| Willow Creek Senior Villas | 64 | 4 | 6.25% | 3 | 4.69% | -1 | π Improving |
| Week | Brookstone | Cedar Ridge | Harbor Point | Maple Crossing | Willow Creek | Portfolio Total |
|---|---|---|---|---|---|---|
| 05/18 - 05/24 | 5.00% | 8.33% | 2.08% | 3.13% | 4.69% | 4.44% |
| 05/25 - 05/31 | 5.83% | 8.33% | 2.08% | 3.13% | 6.25% | 5.00% |
| 06/01 - 06/07 | 6.67% | 10.42% | 3.13% | 0.00% | 6.25% | 5.56% |
| 06/08 - 06/14 | 7.50% | 10.42% | 3.13% | 3.13% | 7.81% | 6.39% |
| 06/15 - 06/21 | 7.50% | 10.42% | 2.08% | 0.00% | 7.81% | 5.83% |
| 06/22 - 06/28 | 6.67% | 8.33% | 2.08% | 0.00% | 6.25% | 5.00% |
| 06/29 - 07/05 | 6.67% | 6.25% | 1.04% | 3.13% | 6.25% | 4.72% |
| 07/06 - 07/12 | 5.83% | 6.25% | 1.04% | 0.00% | 4.69% | 3.89% |
| Rank | Property | Current Rent Loss | Share of Total | Vacant Units | Unit Status | WoW Change | Primary Rent-Loss Drivers |
|---|---|---|---|---|---|---|---|
| 1οΈβ£ | Brookstone Village | $10,250.00 | 61.0% | 7 | 5 No / 2 Yes | βΌ $7,475.00 / -42.2% | Long-aging vacant units with pest follow-up, move-out damages, cabinet repair, cleaning/lock change, and inspection delays. |
| 2οΈβ£ | Willow Creek Senior Villas | $2,900.00 | 17.3% | 3 | 1 No / 2 Yes | βΌ $1,175.00 / -28.8% | Rent loss tied to final inspection timing, appliance replacement, cleaning, and safety inspection. |
| 3οΈβ£ | Cedar Ridge Commons | $2,675.00 | 15.9% | 3 | 1 No / 2 Yes | βΌ $150.00 / -5.3% | Remaining loss concentrated in older vacancy 312, 408, and new unit 205 with inspection punch-list items. |
| 4οΈβ£ | Harbor Point Apartments | $975.00 | 5.8% | 1 | 0 No / 1 Yes | β² $350.00 / +56.0% | Single-unit rent loss on 515; appears more lease-up timing related than repair-delay related. |
| 5οΈβ£ | Maple Crossing Townhomes | $0.00 | 0.0% | 0 | β | βΌ $225.00 / -100.0% | No current rent loss reported. |
| Portfolio Total | $16,800.00 | 100% | |||||
| Week | Brookstone Village | Cedar Ridge Commons | Harbor Point Apartments | Maple Crossing Townhomes | Willow Creek Senior Villas | Portfolio Total |
|---|---|---|---|---|---|---|
| 05/18β05/24 | $9,200.00 | $3,425.00 | $1,770.00 | $275.00 | $2,625.00 | $17,295.00 |
| 05/25β05/31 | $11,750.00 | $4,800.00 | $2,422.50 | $550.00 | $3,850.00 | $23,372.50 |
| 06/01β06/07 | $14,700.00 | $5,525.00 | $2,750.00 | $0.00 | $4,000.00 | $26,975.00 |
| 06/08β06/14 | $16,850.00 | $6,400.00 | $1,675.00 | $125.00 | $5,575.00 | $30,625.00 |
| 06/15β06/21 | $17,950.00 | $4,900.00 | $1,850.00 | $0.00 | $7,375.00 | $32,075.00 |
| 06/22β06/28 | $15,550.00 | $4,175.00 | $1,175.00 | $0.00 | $4,475.00 | $25,375.00 |
| 06/29β07/05 | $17,725.00 | $2,825.00 | $625.00 | $225.00 | $4,075.00 | $25,475.00 |
| 07/06β07/12 | $10,250.00 | $2,675.00 | $975.00 | $0.00 | $2,900.00 | $16,800.00 |
| Property | Previous Week 06/29β07/05 |
Current Week 07/06β07/12 |
Change | Primary Rent Loss Drivers |
|---|---|---|---|---|
| Brookstone Village | $17,725.00 | $10,250.00 | β¬ $7,475.00 / 42.2% |
|
| Cedar Ridge Commons | $2,825.00 | $2,675.00 | β¬ $150.00 / 5.3% |
|
| Harbor Point Apartments | $625.00 | $975.00 | β¬ $350.00 / 56.0% |
|
| Maple Crossing Townhomes | $225.00 | $0.00 | β¬ $225.00 / 100.0% |
|
| Willow Creek Senior Villas | $4,075.00 | $2,900.00 | β¬ $1,175.00 / 28.8% |
|
| Week | Total Portfolio Rent Loss | Week-over-Week Change | Trend Insight |
|---|---|---|---|
| 05/18β05/24 | $17,295.00 | β | Starting point; Brookstone already the largest contributor. |
| 05/25β05/31 | $23,372.50 | β¬ $6,077.50 | Increase driven by accumulating aged vacancies, especially Brookstone and Cedar Ridge. |
| 06/01β06/07 | $26,975.00 | β¬ $3,602.50 | Continued growth as turns and repair delays extended. |
| 06/08β06/14 | $30,625.00 | β¬ $3,650.00 | Portfolio rent loss crossed $30K; Brookstone remained the primary issue. |
| 06/15β06/21 | $32,075.00 | β¬ $1,450.00 | Peak period; highest portfolio exposure in the available data. |
| 06/22β06/28 | $25,375.00 | β¬ $6,700.00 | Major improvement from resolving some older vacancies. |
| 06/29β07/05 | $25,475.00 | β¬ $100.00 | Flat week; Brookstone remained elevated. |
| 07/06β07/12 | $16,800.00 | β¬ $8,675.00 | Best performance since the first week shown; significant reduction from the June peak. |
| Property | Total Units | Delinquent Households | Delinquency Rate | Total Delinquency | Delinquency / Unit | Week-over-Week Change |
|---|---|---|---|---|---|---|
| π’ Brookstone Village | 120 | 6 | 5.00% | $13,285.00 | $110.71 | β¬οΈ +$680.00 |
| ποΈ Cedar Ridge Commons | 48 | 1 | 2.08% | $50.00 | $1.04 | β¬οΈ -$105.00 |
| π Harbor Point Apartments | 96 | 0 | 0.00% | $0.00 | $0.00 | β¬οΈ -$175.00 |
| π‘ Maple Crossing Townhomes | 32 | 0 | 0.00% | $0.00 | $0.00 | β¬οΈ -$125.00 |
| πΏ Willow Creek Senior Villas | 64 | 1 | 1.56% | $225.00 | $3.52 | β¬οΈ +$225.00 |
| Portfolio Total | 360 | 8 | 2.22% | $13,560.00 | $37.67 | β¬οΈ +$500.00 |
| Property | 05/18 | 05/25 | 06/01 | 06/08 | 06/15 | 06/22 | 06/29 | 07/06 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Brookstone Village | $8,568 | $9,968 | $10,425 | $11,895 | $11,895 | $12,655 | $12,605 | $13,285 | π Persistent increase |
| Cedar Ridge Commons | $1,520 | $1,695 | $1,830 | $1,680 | $1,280 | $480 | $155 | $50 | π Strong improvement |
| Harbor Point Apartments | $2,615 | $2,265 | $1,665 | $1,435 | $1,035 | $310 | $175 | $0 | β Cleared |
| Maple Crossing Townhomes | $0 | $405 | $0 | $0 | $250 | $0 | $125 | $0 | β Controlled |
| Willow Creek Senior Villas | $760 | $660 | $710 | $410 | $200 | $75 | $0 | $225 | β οΈ Small rebound |
| Portfolio Total | $13,463 | $14,993 | $14,630 | $15,420 | $14,660 | $13,520 | $13,060 | $13,560 | β οΈ Slight weekly increase |
| Priority | Action | Target | Expected Result |
|---|---|---|---|
| High | π¨ Create immediate payment-resolution plans for Brookstoneβs largest balances. | Krista Alden and Ronald Gates | Stop balance growth and recover the largest portion of outstanding delinquency. |
| High | π Require documented resident contact within 24β48 hours for all balances over $500. | Brookstone Village | Improve accountability and reduce aging receivables. |
| Medium | π§Ύ Separate rent, fee, and damage balances on resident statements. | All properties | Reduce disputes and make payment expectations clearer. |
| Medium | π Use automated reminders before due date, on due date, and after grace period. | All properties | Prevent small balances from becoming aged delinquency. |
| Medium | π³ Increase autopay and online payment enrollment. | Residents with recurring late balances | Improve collection consistency. |
| Low | β Close low-dollar balances weekly. | Cedar Ridge and Willow Creek | Keep properties from developing recurring delinquency patterns. |
| Property | Units | Previous Week Accounts / Rate / Amount |
Current Week Accounts / Rate / Amount |
WoW Change | Readout |
|---|---|---|---|---|---|
| Brookstone Village | 120 | 5 / 4.17% / $12,605 | 6 / 5.00% / $13,285 | +$680; +1 account | π¨ Highest current delinquency rate and dollar exposure. |
| Cedar Ridge Commons | 48 | 1 / 2.08% / $155 | 1 / 2.08% / $50 | -$105; flat account count | β Nearly resolved; remaining balance is damage-related. |
| Willow Creek Senior Villas | 64 | 0 / 0.00% / $0 | 1 / 1.56% / $225 | +$225; +1 account | π‘ Small new delinquency after prior-week clearance. |
| Harbor Point Apartments | 96 | 1 / 1.04% / $175 | 0 / 0.00% / $0 | -$175; -1 account | β Fully cleared this week. |
| Maple Crossing Townhomes | 32 | 1 / 3.13% / $125 | 0 / 0.00% / $0 | -$125; -1 account | β Fully cleared this week. |
| Week | Portfolio Delinquent Accounts | Portfolio Rate | Portfolio Balance |
|---|---|---|---|
| 2026-05-18 to 2026-05-24 | 9 | 2.50% | $13,463 |
| 2026-05-25 to 2026-05-31 | 11 | 3.06% | $14,993 |
| 2026-06-01 to 2026-06-07 | 12 | 3.33% | $14,630 |
| 2026-06-08 to 2026-06-14 | 12 | 3.33% | $15,420 |
| 2026-06-15 to 2026-06-21 | 11 | 3.06% | $14,660 |
| 2026-06-22 to 2026-06-28 | 9 | 2.50% | $13,520 |
| 2026-06-29 to 2026-07-05 | 8 | 2.22% | $13,060 |
| 2026-07-06 to 2026-07-12 | 8 | 2.22% | $13,560 |
β Overall vacancy has improved from the June peak, but half of the current vacancies are still not ready. The largest turnaround pressure remains at Brookstone Village.
β οΈ Brookstone has the most significant turnaround concern. Although prior long-term units appear to have improved, several newer vacancies are now aging past acceptable turnaround windows.
π οΈ Cedar has improved from 5 vacancies in mid-June to 3 currently. The remaining risk is completing punch-list items quickly and preventing ready units from sitting vacant.
β Harbor Point is performing well. The remaining vacancy is ready and has an approved applicant, so the focus should be on immediate move-in scheduling.
β Maple Crossing is the strongest performer. With no current vacancy and the largest waiting list, demand remains very healthy.
π‘ Willow has improved from 5 vacancies in mid-June to 3, but ready units need faster applicant placement to reduce continuing rent loss.
π The portfolio is moving in the right direction: fewer vacancies, fewer not-ready units, and lower rent loss. However, high demand means turnaround delays are creating avoidable vacancy loss.
| Property | Vacant Units | Not Ready | Ready | Rent Loss Change | Assessment |
|---|---|---|---|---|---|
| ποΈ Brookstone Village | 8 β 7 | 5 β 5 | 3 β 2 | $17,725 β $10,250 | Vacancy count improved, but maintenance backlog remains high. Brookstone still has the largest number of not-ready units. |
| π’ Cedar Ridge Commons | 3 β 3 | 1 β 1 | 2 β 2 | $2,825 β $2,675 | Stable performance. Most vacant units are ready, but one unit remains delayed by inspection/punch-list work. |
| π Harbor Point Apartments | 1 β 1 | 0 β 0 | 1 β 1 | $625 β $975 | Strong maintenance performance. The single vacant unit is ready, so focus should be on lease-up timing. |
| π‘ Maple Crossing Townhomes | 1 β 0 | 1 β 0 | 0 β 0 | $225 β $0 | Best turnaround result this week. Vacancy cleared entirely. |
| πΏ Willow Creek Senior Villas | 4 β 3 | 2 β 1 | 2 β 2 | $4,075 β $2,900 | Improved readiness and reduced rent loss. Remaining issue is isolated to one unit requiring cleaning/safety inspection. |
| Week | Total Vacant Units | Not Ready | Ready | Ready Rate | Estimated Rent Loss |
|---|---|---|---|---|---|
| 05/18 β 05/24 | 16 | 9 | 7 | 43.8% | $17,295 |
| 05/25 β 05/31 | 18 | 11 | 7 | 38.9% | $23,472.50 |
| 06/01 β 06/07 | 20 | 12 | 8 | 40.0% | $26,975 |
| 06/08 β 06/14 | 23 | 15 | 8 | 34.8% | $30,625 |
| 06/15 β 06/21 | 21 | 11 | 10 | 47.6% | $32,075 |
| 06/22 β 06/28 | 18 | 11 | 7 | 38.9% | $25,375 |
| 06/29 β 07/05 | 17 | 9 | 8 | 47.1% | $25,475 |
| 07/06 β 07/12 | 14 | 7 | 7 | 50.0% | $16,800 |
| Rank | Property | Recert Time | Recerts to Complete | Risk Level |
|---|---|---|---|---|
| 1οΈβ£ | Brookstone Village | Yes | 11 | π΄ High |
| 2οΈβ£ | Willow Creek Senior Villas | Yes | 5 | π Moderate |
| 3οΈβ£ | Cedar Ridge Commons | Yes | 3 | π‘ Low to Moderate |
| Property | 05/18 | 05/25 | 06/01 | 06/08 | 06/15 | 06/22 | 06/29 | 07/06 | Trend Insight |
|---|---|---|---|---|---|---|---|---|---|
| Brookstone Village | 3 | 4 | 5 | 6 | 8 | 9 | 10 | 11 | π΄ Backlog has increased every week; highest current risk. |
| Cedar Ridge Commons | 8 | 10 | 12 | 14 | 13 | 9 | 6 | 3 | π’ Strong improvement after mid-June peak. |
| Harbor Point Apartments | 4 | 3 | 3 | 2 | 2 | 1 | 1 | 0 | π’ Backlog cleared; no current recert time reported. |
| Maple Crossing Townhomes | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 0 | π’ Minimal activity; currently clear. |
| Willow Creek Senior Villas | 12 | 11 | 10 | 10 | 9 | 8 | 7 | 5 | π’ Consistent reduction, but still second-highest backlog. |
Reporting week: 2026-07-06 to 2026-07-12
Total pending recertifications: 19, down from 25 the prior week.
| Property | Recert Time | Current Pending | Previous Week Pending | Change | Current Risk Level |
|---|---|---|---|---|---|
| Brookstone Village | Yes | 11 | 10 | β² +1 | π΄ High |
| Willow Creek Senior Villas | Yes | 5 | 7 | βΌ -2 | π Moderate |
| Cedar Ridge Commons | Yes | 3 | 6 | βΌ -3 | π‘ Improving |
| Harbor Point Apartments | No | 0 | 1 | βΌ -1 | π’ Cleared |
| Maple Crossing Townhomes | No | 0 | 1 | βΌ -1 | π’ Cleared |
| Week | Brookstone | Cedar Ridge | Harbor Point | Maple Crossing | Willow Creek | Total Pending |
|---|---|---|---|---|---|---|
| 2026-05-18 to 2026-05-24 | 3 | 8 | 4 | 1 | 12 | 28 |
| 2026-05-25 to 2026-05-31 | 4 | 10 | 3 | 1 | 11 | 29 |
| 2026-06-01 to 2026-06-07 | 5 | 12 | 3 | 0 | 10 | 30 |
| 2026-06-08 to 2026-06-14 | 6 | 14 | 2 | 1 | 10 | 33 |
| 2026-06-15 to 2026-06-21 | 8 | 13 | 2 | 0 | 9 | 32 |
| 2026-06-22 to 2026-06-28 | 9 | 9 | 1 | 0 | 8 | 27 |
| 2026-06-29 to 2026-07-05 | 10 | 6 | 1 | 1 | 7 | 25 |
| 2026-07-06 to 2026-07-12 | 11 | 3 | 0 | 0 | 5 | 19 |