Laserfiche WebLink
EXHIBIT I-8 <br />Considering large planned product and the concluded <br />SUPPLY VS. DEMAND <br />apartment demand, the Comnetitive Market Area will <br />COMPETITIVE MARXBr AREA <br />take a short term dip in occupancy, with a projected low <br />2017 THROUGH zou <br />of 92% in 2021. <br />Projecdoo <br />Annual <br />5-Ye <br />Year: <br />3Q17 <br />2017 <br />2018 2019 <br />2020 <br />2021 Total Source: <br />Apartment Inventory <br />Start ofPen od <br />37,244 <br />37,426 3],]24 <br />39,331 <br />39,852 <br />Subject Site Units <br />522 522 <br />Planned Supply <br />192 <br />298 1,607 <br />521 <br />943 3,550 Exhibit I -]A <br />Total Additions <br />192 <br />298 1,607 <br />521 <br />1,M5 4,072 <br />End of Period <br />3],244 <br />37,426 <br />3],]24 39,331 <br />39,852 <br />41,316 Exhibit I-5A <br />Ocrupancy <br />Start of Pen ad <br />Occupied Units <br />35,]54 <br />35,876 36,364 <br />36,851 <br />37,339 <br />Additional Demand <br />122 <br />488 488 <br />488 <br />488 2,072 Exhibit IfiA <br />End of Period <br />Occupied Units <br />35,]54 IF <br />35,8]6 <br />36,3M 36,851 <br />3],339 <br />37,826 <br />Occupancy Rate <br />96D% <br />95.9% <br />96.4% 93.7% <br />9390/a <br />91.6% Exhibit I-5B <br />Over / Under Supply Evaluation <br />Stabilized Occupancy <br />95% <br />95% <br />95% 95% <br />95% <br />95% <br />Stabilized Occupied Units <br />35,382 <br />35,555 <br />35,838 37,364 <br />37,859 <br />39,250 <br />(Under)/Over Supply <br />(372) <br />(321) <br />(525) so <br />521 <br />1,424 <br />2,000 <br />(Under) /Over 6upply 99 <br />�(Uvder) /Over <br />SuPPIy - Baz <br />-OccupaAnry-Live <br />�Bh ) <br />(I, <br />(1, <br />(2,000) <br />91% <br />3Q17 <br />2017 2018 2019 2020 2021 <br />,500 98% <br />,000 9]% <br />SOD 96% <br />0 95% <br />( <br />500) 94% <br />000) 93% <br />500) 92% <br />17590.00 <br />Macro: SD <br />2/II <br />THE CONCORD GROUP <br />18 <br />60A-29 <br />Macro: SD <br />2/II <br />THE CONCORD GROUP <br />18 <br />60A-29 <br />