Client Successes

Property A
New Construction and Lease-Up

Stout Management successfully leased-up this A Class Property in the forecasted 10-month time frame. This property was situated in an area lacking new development and in a submarket with demographics lower than the typical luxury new development. Through data-driven online advertising, we helped the subject property generate more awareness around their community, increase traffic to their website, and ultimately, lease units at top of the market rates.

Stout was able to attract the top qualified tenants from the area and pull new residents to the building who normally would not look in this submarket. Despite the impacts of the pandemic during this lease-up, Stout Management was able to complete the last half of the move-ins without offering move-in concessions.

Lease-Up Property

• The community offers Class A+ amenities including state of the art fitness center, yoga room, playground, pool, basketball court, gated community, and outdoor soccer field.
• Stout Facilities Team walked and punched every unit delivered from General Contractor prior to acceptance.
• Management and on-site staff battled the challenges of pre-leasing a new construction community during a pandemic.
• Once all units were delivered, leasing staff rented an average of 59 units a month.
• The community moves in a record number of 34 new families each month.
• Rent rates have increased 21.4% from initial leases to stabilization.
• Removed all move-in concessions after hitting 50% physical occupancy.