Our strategic repositioning of The Kenzie Apartments demonstrates Carbon Real Estate Investments' expertise in rapidly improving underperforming assets. Through targeted management initiatives and the deployment of cutting-edge technologies, including an AI-driven lead management platform, we boosted occupancy from 90-93% to 94%+ and achieved a remarkable 98% pre-lease rate by June 2024.
Our proactive approach to addressing resident concerns, clearing maintenance backlogs, and initiating capital improvements has not only enhanced resident satisfaction but also driven financial outperformance, with net rent revenue exceeding projections by ~9-10% in our first few months of ownership.
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