Portfolio Review: Leasing Performance Through Q1

All of our Southern California communities maintained stabilized leasing performance through the first quarter of 2026. Consistent demand across San Diego, Orange County, and the San Gabriel Valley reflects the strength of our locations and the quality of our on-site management teams.

Spring leasing season is off to a measured start, with healthy traffic and application volume across the portfolio. Our renovated units continue to lease on schedule.

We attribute this performance to a combination of desirable locations, responsive management, and a renovation program that keeps our communities competitive in their respective submarkets.