RubinBrown Apartment Stats 2020

MARKET RATE

2019

2018

2017

Total Number of Projects Average Number of Units

12

33

18

164

198

296

Averages Per Unit: Monthly Rent

1,092 1,087

$1,383

$1,246

Square Feet

835

929

Rooms

4.19

4.03

4.38

Economic Occupancy

98.7%

89.5%

93.7%

Net Operating Income Before Debt Service & Depreciation as a Percentage of Total Income

45.9%

50.3%

53.3%

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$13,101

$12.05 (0.16) (0.02) (0.04)

100.0%

$16,598

$19.88 (2.09) (0.24) (0.10)

100.0% -10.5% -1.2% -0.5% 87.8%

$14,946

$16.09 (1.01) (0.15) (0.04)

100.0%

(172)

-1.3% -0.2% -0.3% 98.2%

(1,746)

(938) (138)

-6.3% -0.9% -0.2% 92.6%

Collection Loss

(24) (42)

(201)

(81)

(35)

Concession Loss

Rent Collected

12,863

11.83

14,570

17.45

13,835

14.89

198

0.18

1.5%

1,123

1.34

6.8%

245

0.26

1.6%

Other Income

$13,061

$12.01

99.7%

$15,693

$18.79

94.5%

$14,080

$15.15

94.2%

Total Income

Expenses Salaries and Personnel

$1,319

$1.21

10.1%

$934

$1.12

5.6% 4.7% 1.8% 3.9% 5.3%

$763

$0.82

5.1% 5.8% 1.0% 3.0% 5.0%

Administrative

318 266 549

0.29 0.24 0.50 0.96

2.4% 2.0% 4.2% 8.0%

788 301 648 883

0.94 0.36 0.78 1.06

870 151 452 745

0.94 0.16 0.49 0.80

Marketing

Management Fees

Utilities

1,046

All Repairs and Maintenance and Contract Services

1,979

1.82

15.1%

1,791

2.15

10.8%

1,813

1.95

12.1%

Insurance

392

0.36 1.06 0.05

3.0% 8.8% 0.4%

325

0.39 2.24 0.30

2.0%

232 996 547

0.25 1.07 0.59

1.6% 6.7% 3.7%

Real Estate Taxes

1,152

1,871

11.3%

51

254

1.5%

Other Taxes

Total Expenses

$7,072

$6.49

54.0%

$7,795

$9.34

47.0%

$6,569

$7.07

44.0%

Net Operating Income Before Debt Service and Depreciation

$5,989

$5.52

45.7%

$7,898

$9.45

47.6%

$7,511

$8.08

50.2%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2020

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