Total Units
5,842
27 properties
Wtd. Avg Occupancy
93.4%
↑ 0.8% vs prior mo.
Portfolio Delinquency
$284K
↑ $12K vs prior mo.
Gross Asset Value
$1.2B
Est.
Total Debt
$832M
Wtd. avg 5.6%
All Properties
| Property | Vehicle | Units | Occupancy | Occ. Trend | Delinquency | Loan Maturity |
|---|
Total Alerts
—
Critical
—
Warnings
—
Active Alerts
All Alerts
| Property | Vehicle | Category | Flag | Detail | Severity |
|---|
Active Funds
5
+ 2 single assets
Best Occupancy
95.1%
Fund II
Highest Delinquency
$98K
Fund III
Most Properties
6
Fund II · Fund IV
Total Units
5,842
All funds
Fund Summary
Funds
Single Assets & Development
Fund Comparison
| Fund | Properties | Units | Avg Occupancy | Total Delinquency | Debt Balance | Wtd. Rate |
|---|
Delinquency by Property
| Property | Fund | Residents | Unpaid Rent | Unpaid Other | Total Delinquency | 0–30 Days | 31–60 Days | 61–90 Days | 90+ Days | Aging Mix | Status |
|---|
Avg Occupancy
93.4%
↑ 0.8% MoM
Move-Ins (MTD)
48
↑ 6 vs prior mo.
Move-Outs (MTD)
31
In line
Renewal Rate
62%
↓ 3% vs prior mo.
Avg Trade-Out
+$84
Per unit per mo.
Occupancy by Property
Renewal Rate by Property
Lease Activity — Current Month
| Property | Fund | Occupancy | Move-Ins | Move-Outs | Renewals | Expiring 90d | Trade-Out |
|---|
Loading loan data…
Portfolio NOI (YTD)
$18.4M
↓ $420K vs budget
Budget Variance
-2.2%
Below budget YTD
Properties Above Budget
14
of 25 active
Largest Shortfall
-$84K
Watermark @ Jordan Ck.
T12 NOI
$42.1M
All properties
NOI — Actual vs. Budget by Property
Actual NOI
Budget NOI
Property NOI Detail
| Property | Fund | Actual NOI | Budget NOI | Variance $ | Variance % | T12 NOI | Status |
|---|
Avg Physical Occ.
93.4%
↑ 0.8% MoM
Avg Economic Occ.
89.1%
↓ 4.3% vs physical
Gap (Phys - Econ)
4.3%
Concessions + delinquency
Gross Potential Rent
$6.2M
Monthly · all properties
Effective Revenue
$5.5M
After vacancy + loss
Physical vs. Economic Occupancy by Property
Physical
Economic
Revenue Leakage Analysis
| Property | Fund | Gross Potential Rent | Vacancy Loss | Concessions | Delinquency Loss | Effective Revenue | Physical Occ. | Economic Occ. |
|---|
Projected NOI (12mo)
$44.2M
↑ 5.1% vs T12
Rent Growth Assumption
3.0%
Annual · portfolio avg
Expense Growth
2.5%
Annual · portfolio avg
Stabilized Occupancy
93.5%
Forecast assumption
Forecast Horizon
12 mo.
Monthly periods
Portfolio NOI — Trailing + Forecast
Actual (T12)
Forecast
Forecast by Property
| Property | Fund | Current NOI/mo | Yr 1 NOI | Yr 2 NOI | Yr 3 NOI | NOI Growth | Occupancy Trend |
|---|
Loading lines of credit data…
Pensford Forward Curve
Source: pensford.com