Supplemental Leasing Opportunities Generate $720K in Value

Objective

Increase occupancy rates for a student housing property without reducing qualifying standards.

Solution

Utilizing our dedicated supplier partner, our client was able to provide a financial guarantee program that increased leasing velocity and reduced vacancy loss, at no additional cost.

RESULTS

3% occupancy rate improvement in first 15 days

Money

$0 out-of-pocket expense

$720K in value creation

THE STORY

A leasing agent for a student housing property was struggling with occupancy at the end of 2020, and with minimal to no additional marketing budget remaining had limited options to deliver on occupancy rate goals.

The Property Manager for this property reached out to Buyers Access Account Management for support and assistance. After discussing options with the team, the Buyers Access Account Manager helped coordinate a program that provided a financial co-signer for higher risk prospects, while reducing the risk and exposure for the property.