Post by
autofocus111 on Jul 06, 2023 10:24am
Operational update
Yesterday BEI issued an update for the coming quarter. I find the statement about 'strategic moderation of rents' strange. Are there cracks appearing in their rental markets? When the market is strong you hike rents in-line with what the market will bear. 98.3% occupancy in July seems ptretty strong.
>>>We remain committed to offering exceptional value to our Resident Members through our ongoing strategic moderation of our rents on both lease renewals and new leases. This approach ensures that we remain the best communities to call home while supporting sustainable revenue growth over multiple years.
https://finance.yahoo.com/news/boardwalk-reit-provides-operational-announces-110000852.html