- Pre-leasing for the entire portfolio of 69.9% is up 240 basis points from this time a year ago, though same-store pre-leasing of 73.3% is lower by 150 bps.
- "We are experiencing difficulties in select markets," says CIO Aaron Halfacre. Statesboro, GA and Mt. Pleasant, MI are experiencing negative leasing velocity following increased market supply, and Grand Forks, ND will likely lease materially below the current year following construction delays and management turnover. Also Copper Beach at Columbia, SC is having a tough time of it after an "isolated crime" which took place there in November.
- The Q1 10-Q will not be filed by the previously hoped-for time of May 29.
- Source: Press Release
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NYSE:CCG +0.5%