“Our first quarter outcomes continued to spotlight the robust working fundamentals of our portfolio, as nearly all of our key monetary metrics elevated year-over-year and sequentially. Leasing velocity additionally remained sturdy, as we accomplished over 2.3 million sq. toes of leasing, together with hire resets, at weighted common rental charges that have been 18.9% increased than prior rental charges for a similar house. Renewal exercise accounted for 75% of our leasing exercise which showcases the continued demand for our high-quality belongings and our means to realize natural money circulate progress whereas sustaining portfolio stability,” mentioned Yael Duffy, President and Chief Working Officer
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