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Mission
- Assisted ownership with determining post renovation market rental rates to properly evaluate return on proposed capital investment.
- Implemented a moderate value-add interior renovation strategy Including washer and dryer installtions in occupied units) designed to achieve rental rate increases.
Results
- Maintained stable occupancy while undergoing renovation.
- Achieved rental rate increase of $152 per unit (21%).
- Increased monthly collections by 24% and net operating income by 35% over a 24-month period.
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