Leasing Success for Celsius Property
Dear Owners and Investors,
We are thrilled to share some fantastic updates regarding our recent property acquisitions and management efforts. So far this year we have acquired 7 brand new managements with more in the works.
We are pleased to announce that all seven new management properties acquired this year have achieved exceptional rental rates, consistently surpassing the higher end of the market range provided.
Key Performance Metrics: 01/01/24-28/02/2024
- Average Rent of Properties Leased: $850.0
- Average Days on Market or Rental List: 12.5 days
- Average Days Vacant to Off Market: 0 days
- Average Days of Lost Rent: 5 days
- Number of Tenant Enquiries: 559
- Number of Prospect Enquiries: 473
- Tenants Registered to Inspect: 249
- Rent Achieved (compared with Initial Listed Price)
At Initial or First Listed Price: 6
Below Initial or First Listed Price: 0
Above Initial or First Listed Price: 1
These impressive metrics underscore our commitment to delivering outstanding results and maximizing returns for our investors. Of particular note is the high level of tenant and prospect engagement, with a significant number of enquiries, inspections scheduled, and tenants registered to inspect.
Furthermore, the seamless transition from vacancy to new tenant move-in, with properties quickly transitioning from vacant status to off-market listings, reflects our team’s dedication to minimizing lost rental income and optimizing cash flow for our investors.
Our team’s dedication, strategic planning, and relentless pursuit of excellence in property management have enabled us to achieve these remarkable outcomes.
As we continue to optimize property performance and explore new opportunities, we remain focused on upholding our reputation as a leader in the real estate industry.
We sincerely thank you for your trust and support as we work together to achieve our investment goals. Should you have any questions or require further information, please do not hesitate to reach out to our team.
Regards,
The Celsius Property Management Team