We are experts in the affordable housing services sector. When you are looking for effective solutions to your problems we can help you from staff to up-leasing all within an affordable budget.
There is a lot going on in the affordable housing solutions industry and we have the qualifications and experience to make this easy for you.
One of the difficulties in the multifamily industry is that we, like most industries, have a great deal of jargon that we use as short-hand but which can alienate people new to the industry.
One of the more common terms you’ll run into, especially in companies that do lots of new construction, is a property lease-up.
A property lease-up refers to the time between the announced launch of a new apartment community and six to 12 months after opening. During that time the community will build a brand, establish a website, open its doors for business, and welcome its first batch of residents. At the end of a successful lease-up, occupancy should be in the mid to high 90s and residents should be paying rent rates at or above average market rate.