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Reporting period: 2026-06-22 to 2026-06-28 | Comparison: prior weeks through 2026-05-18
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🚨 Most Critical Issue
Brookstone Village remains the highest-risk property concentration. Portfolio vacancies improved to 18 units, down from 21, and rent loss dropped to $25,375, down $6,700 week over week. However, Brookstone still carries 8 vacancies, 6 not rent-ready units, $15,550 in rent loss, and $12,055 in delinquency, creating a combined exposure of $27,605.
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🏚️ Vacancies
18
5.0% of 360 units; ↓ 3 WoW
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💸 Rent Loss
$25,375
↓ $6,700 WoW
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⏰ Late Rent
$12,820
9 accounts; ↓ $1,065 WoW
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🛠️ Damages
$700
3 costed charges; ↓ $75 WoW
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✅ Approved Apps
2
↓ 1 WoW; 3 pending
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⚖️ Evictions
0
No active cases; flat WoW
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📈 6-Week Trend Snapshot
| Metric |
05/18 |
05/25 |
06/01 |
06/08 |
06/15 |
06/22 |
| Vacancies |
16 |
18 |
20 |
23 |
21 |
18 |
| Rent Loss |
$17.3k |
$23.4k |
$27.0k |
$30.6k |
$32.1k |
$25.4k |
| Late Rent |
$13.5k |
$14.5k |
$14.1k |
$14.6k |
$13.9k |
$12.8k |
| Approved Apps |
0 |
4 |
1 |
3 |
3 |
2 |
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🏚️ Vacancies
- 18 total vacant units, down from 21 last week.
- 7 rent-ready and 11 not rent-ready; non-ready count was unchanged WoW.
- Highest vacancy counts: Brookstone 8, Cedar 4, Willow 4.
- Key blockers include heavy turn/final inspection, pest follow-up, move-out damages, carpet, cabinet repair, smoke remediation, appliances, countertops, paint, and cleaning.
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💸 Rent Loss Vacated
- Total rent loss: $25,375, down $6,700 WoW after five weeks of increases.
- Largest property exposure: Brookstone $15,550, about 61% of total rent loss.
- Next highest: Willow $4,475, Cedar $4,175, Harbor $1,175.
- Largest unit losses: Brookstone 501 $7,350, Brookstone 608 $2,650, Cedar 214 $2,375, Willow 314 $1,875.
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⏰ Late Rent Payments
- Total delinquency: $12,820, including $12,245 rent and $575 fees.
- 9 delinquent accounts, down from 11 last week.
- Overall delinquency is at the lowest point in the 6-week trend, but Brookstone worsened to $12,055, about 94% of the total.
- Largest balances: Krista Alden $6,350 rent/fees, Ronald Gates $3,550, Erica Vance $760, Briana Cole $700.
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🛠️ Damages
- $700 in costed damage charges, down from $775 last week.
- Costed charges: Krista Alden $350, Briana Cole $250, Corey Blake $100.
- 9 damage-column records appear; several remain blank or unpriced.
- Brookstone 714 still lists move-out damages in vacant unit status and should be scoped quickly to prevent additional turn delay.
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✅ Approved Applications
- 2 approved applications, down from 3 last week.
- Approved units: Harbor Point 118 and Willow Creek 118.
- 3 pending: Brookstone 518, Cedar 214, Willow 314.
- Pipeline is positive, but current approved applications cover only 2 of 18 vacancies; leasing pace should accelerate while waiting lists are strong.
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⚖️ Evictions
- 0 active evictions reported in the eviction column.
- No active eviction change from prior weeks.
- Notable item: Brookstone 729 move-out notice states “Eviction process completed”, and the unit is contributing $1,000 in rent loss.
- Brookstone’s delinquency concentration should remain on the watchlist to prevent new filings.
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