{"id":13760,"date":"2024-07-02T21:14:27","date_gmt":"2024-07-02T21:14:27","guid":{"rendered":"https:\/\/ark7.com\/blog\/?p=13760"},"modified":"2024-07-02T22:46:40","modified_gmt":"2024-07-02T22:46:40","slug":"2024-june-operating-highlights","status":"publish","type":"post","link":"https:\/\/ark7.com\/blog\/articles\/2024-june-operating-highlights\/","title":{"rendered":"2024 June Operating Highlights"},"content":{"rendered":"\n
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Happy 4th of July! Following our hot sales of Dallas-Fort Worth (DFW) single-family homes, investors won’t want to miss Atlanta-C7<\/strong>, a downtown Airbnb guesthouse newly launched today. <\/p>\n\n\n\n

Plus, you can enjoy an exclusive Dividend Day Bonus<\/strong> when you order shares before July 5th.<\/p>\n\n\n\n

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Ark7 Portfolio at a Glance<\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

We distributed total dividends of $69,645.94<\/strong> to investors from June rental operations at a 4.63%<\/strong> annualized return rate. <\/p>\n\n\n\n

Refer to your personalized monthly performance report<\/strong><\/a> for dividends and the return rate calculated based on your share purchase price. Your share price may or may not equal the IPO price if purchased from the Trading Market.<\/p>\n\n\n\n

Our latest sold-out DFW single families, S12 and S15, delivered above 5% returns on their first Dividend Day. Additionally, all Airbnb operations under the Ark7 Portfolio are among the top performers. A special shoutout to the following offerings:<\/p>\n\n\n\n

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Lease Renewals<\/strong><\/strong><\/h2>\n\n\n\n

Overall occupancy rate remains at 85% as we roll into the second half of the year, an improvement from June’s 81%. Here are a few updates from the past month:<\/p>\n\n\n\n

Austin-S2<\/strong><\/a> has just entered into a new lease at $2,445 per month, adding another 12 months of secured passive income until mid-year 2025 with a 6% year-over-year (YoY) rent increase. \ud83c\udf1f Located five miles away from the Apple campus and many other tech employers, S2 consistently attracts young professionals with a wide range of economic backgrounds. \ud83d\udcc8 Now actively trading on the market.<\/p>\n\n\n\n

Berkeley-M1<\/strong><\/a> One of the five units in Berkeley-M1 has renewed for another 12 months until the end of July 2025 at $2,400 per month. \ud83c\udf1fThis multi-family home near UC Berkeley is currently fully occupied with a long-term rental strategy. \ud83d\udcc8 Shares are tradable on the Trading Market.<\/p>\n\n\n\n

Berkeley-M3<\/strong><\/a> One of the five units in Berkeley-M3 has entered into a 12-month lease extension until the end of July 2025 at $3,780 per month, reflecting a 1% year-over-year (YoY) rent increase. \ud83d\udcc8 Now available on the Trading Market, M3 enjoys a historical dividend yield of 5.22%, and we anticipate improving returns with its mixed rental strategy.<\/p>\n\n\n\n

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Enjoy Atlanta-C7 Launch Video<\/strong><\/strong><\/h2>\n\n\n\n

Let\u2019s celebrate the launch of Atlanta-C7 with a special video. Go ahead and add some extra Dividend Day Bonus spice<\/strong> to your latest investment portfolio addition. More bonus details in the app [*]<\/sup>. <\/p>\n\n\n\n

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