92.8% to 99.5% occupied in eight months

Kleinman took over the 222-unit apartment community on January 1, 2025, at 92.8% occupancy. Six months later the community was 99.1% occupied. On August 31, 2025, 221 of 222 homes were leased: one vacant apartment, 99.5% occupied, eight months into being with Kleinman. From September 20 to 30, every home was leased.

Service improved alongside leasing. Work orders closed 44% faster on average, from 9.3 days in the first quarter of 2025 to 5.2 days in the third. In June 2025, Kleinman introduced a utility bill back program for water, sewer and trash - lifting monthly utility and fee income 44%, from $12.2K to $17.6K. Market rent rose 4.7% over the same period.

By the numbers

• Occupancy: 93% to 99% in six months; 99.5% in eight
• Work orders closed 44% faster on average
• Utility and fee income: +44% a month
• Market rent: $1,338 to $1,402 (+4.7%)