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.
Concessions Offered On
Last 1/2 of Move-Ins