Written Performance Pricing Advisor (Property Management)
Johath3
WrittenSummeryHighlights.pdf
Johnathen Houston <[email protected]>
Fw: ELA Assessment
1 message
Johnathen Houston <[email protected]>
To: Johnathen Houston <[email protected]>
Johnathen M. Houston
(832)288-1158
Forwarded Message
From: Lauren Sell <[email protected]>
To: Johnathen Houston <[email protected]>
Sent: Monday, July 23, 2018, 5:40:55 PM EDT
Subject: ELA Assessment
Hi Johnathen,
As you know, both verbal and written communication is such an important part of our daily process, in addition to understanding multifamily operations. We would appreciate it if you would tak performance analysis for one of our actual properties and provide a written summary of performance highlights. Your summary should be written as if you were a Pricing Advisor describing as have also included definitions for the metrics provided below as I realize you are not familiar with our report. Please feel free to make assumptions about the property and summarize the data most meaningful.
When analyzing the data below, please include clear recommendations that you would make to the client in this hypothetical scenario. Please go beyond mere regurgitation of the data – dem strategic partner.
If you could review over the next couple of days and provide your response by Wednesday 7/25/2018, that would be greatly appreciated. Please let me know if you have any questions.
Have a wonderful day!
Portfolio Average Executed Lease Summary
Unit Count = 2128
Portfolio Average January February March Q1'16 April May June Q2'16
New Leases
New Executed Rent 1,413 1,470 1,395 1,426 1,529 1,469 1,477 1,490
New Lease Rent PSF 1.660 1.536 1.536 1.572 1.707 1.606 1.721 1.674
Average SF 851 957 908 907 896 915 858 890
Applications 65 71 75 211 102 118 108 328
Average Lease Term 12.4 13.2 12.8 12.8 11.4 12.3 12.0 11.9
Average Vacant Days 29 28 32 30 30 25 21 25
New Lease Rate Change 4.3% 6.1% 4.2% 4.9% 7.2% 5.4% 3.7% 5.4%
New Lease Term Variance 0.1 2.1 1.8 1.4 -0.1 1.2 0.6 0.6
Renewals
Renewal Executed Rent 1,469 1,374 1,767 1,553 1,671 1,743 1,787 1,735
Renewal Rent PSF 1.578 1.566 1.921 1.706 1.865 1.913 1.919 1.900
Average SF 931 877 920 910 896 911 931 913
Signed Renewals 74 72 89 235 87 76 99 262
Average Lease Term 11.5 11.7 11.8 11.7 12.0 11.9 11.7 11.8
Expirations 149 165 148 462 149 169 218 536
Expirations Renewed 68 64 70 202 73 78 95 246
Renewal Conversion 45.6% 38.8% 47.3% 43.7% 49.0% 46.2% 43.6% 45.9%
Renewal Rate Change 4.4% 5.2% 4.9% 4.8% 4.0% 5.7% 5.0% 4.9%
Renewal Term Variance -0.3 0.1 0.0 -0.1 0.0 0.1 -0.3 -0.1
In Place
Occupancy 91.7% 93.6% 92.4% 92.5% 92.7% 93.2% 93.6% 93.2%
Rent Roll (Rev / OSF) 1.583 1.586 1.591 1.586 1.591 1.600 1.616 1.603
Revenue (Rev / ASF) 1.490 1.485 1.471 1.482 1.476 1.491 1.512 1.493
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Lauren Sell
Corporate Recruiter | RealPage, Inc.
2201 Lakeside Blvd | Richardson, TX 75082
Direct: 972-810-5240 | www.realpage.com/careers
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