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Reporting period: 2026-07-06 to 2026-07-12 | Comparison: prior weeks through 2026-05-18
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🚨 Most Critical Issue
Brookstone Village remains the highest-risk concentration despite major portfolio improvement. Total vacancies dropped to 14 units, down from 17, and rent loss fell sharply to $16,800, down $8,675 week over week. However, Brookstone still carries 7 vacancies, 5 not rent-ready units, $10,250 in rent loss, and $12,860 in late rent/fees, creating a combined exposure of $23,110 before damage charges.
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🏚️ Vacancies
14
3.9% of 360 units; ↓ 3 WoW
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💸 Rent Loss
$16,800
↓ $8,675 WoW
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⏰ Late Rent
$13,085
7 rent/fee accounts; ↑ $550 WoW
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🛠️ Damages
$475
3 costed charges; ↓ $50 WoW
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✅ Approved Apps
5
↑ 1 WoW; 4 pending
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⚖️ Evictions
0
No active cases; flat WoW
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📈 8-Week Trend Snapshot
| Metric |
05/18 |
05/25 |
06/01 |
06/08 |
06/15 |
06/22 |
06/29 |
07/06 |
| Vacancies |
16 |
18 |
20 |
23 |
21 |
18 |
17 |
14 |
| Rent Loss |
$17.3k |
$23.4k |
$27.0k |
$30.6k |
$32.1k |
$25.4k |
$25.5k |
$16.8k |
| Late Rent |
$13.5k |
$14.5k |
$14.1k |
$14.6k |
$13.9k |
$12.8k |
$12.5k |
$13.1k |
| Approved Apps |
0 |
4 |
1 |
3 |
3 |
2 |
4 |
5 |
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🏚️ Vacancies
- 14 total vacant units, down from 17 last week and the lowest point in the 8-week trend.
- 7 rent-ready and 7 not rent-ready; non-ready units improved by 2 WoW.
- Highest vacancy count: Brookstone 7, followed by Cedar 3 and Willow 3.
- Key blockers include pest follow-up, move-out damages, cabinet repair, cleaning/lock change, punch list work, and safety inspections.
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💸 Rent Loss Vacated
- Total rent loss: $16,800, down $8,675 WoW.
- Largest property exposure: Brookstone $10,250, about 61% of total rent loss.
- Next highest: Willow $2,900, Cedar $2,675, and Harbor $975.
- Largest unit losses: Brookstone 608 $3,350, Brookstone 714 $2,425, Brookstone 729 $1,750, and Cedar 312 $1,750.
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⏰ Late Rent Payments
- Total late rent/fees: $13,085, including $12,610 rent and $475 fees.
- 7 accounts have rent/fee balances; total increased by $550 WoW after several weeks of improvement.
- Brookstone is the primary exposure at $12,860, about 98% of total late rent/fees.
- Largest balances: Krista Alden $6,950, Ronald Gates $4,050, Erica Vance $760, and Kevin Price $580.
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🛠️ Damages
- $475 in costed damage charges, down from $525 last week.
- Costed charges: Krista Alden $350, Briana Cole $75, and Corey Blake $50.
- 8 damage-column records appear; several remain blank or unpriced.
- Brookstone 714 still lists move-out damages in vacant unit status and should remain a priority turn item.
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✅ Approved Applications
- 5 approved applications, up from 4 last week.
- Approved applicants: Noah Sanders for Brookstone 501, Luis Martin for Cedar 214, Celia Grant for Harbor 515, Avery Coleman for Maple 22, and Rose Bryant for Willow 314.
- 4 pending applications: Brookstone 442, Cedar 205, Harbor applicant without assigned unit, and Willow 606.
- Approval pace is improving, but several approved units do not align with current vacant-unit lists; verify unit availability and move-in timing.
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⚖️ Evictions
- 0 active evictions reported in the eviction column.
- No active eviction activity has been reported across the 8-week trend.
- No current move-out notice cites an eviction reason.
- Brookstone delinquency remains the key watch item to prevent future filings.
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