{"id":15608,"date":"2024-10-02T21:42:37","date_gmt":"2024-10-02T21:42:37","guid":{"rendered":"https:\/\/ark7.com\/blog\/?p=15608"},"modified":"2024-11-02T20:32:17","modified_gmt":"2024-11-02T20:32:17","slug":"september-operating-highlights","status":"publish","type":"post","link":"https:\/\/ark7.com\/blog\/articles\/september-operating-highlights\/","title":{"rendered":"2024 September Operating Highlights"},"content":{"rendered":"\n
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As we continue to grow, total dividends paid out to investors have hit a new milestone<\/strong>, surpassing $2.5 million<\/strong>! To celebrate this achievement, we’re bringing back the highly popular Dividend Day Bonus if you order SoCal-S18 shares\u2014but only for a limited 3-day window.<\/p>\n\n\n\n

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Investment Spotlight<\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Ride Menifee\u2019s market growth by adding SoCal-S18<\/a><\/strong> to your portfolio – this is a prime opportunity to enter the Southern California market at the right time. Plus, S18 secured an 18-month lease<\/strong> within a week of hitting the market. Your first dividend will be distributed on the next Dividend Day, November 3rd.<\/strong><\/p>\n\n\n\n

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*Check out Dividend Day Bonus details in the Ark7 App, and reach out to support@ark7.com if any questions. The Dividend Day Bonus is available while shares of the Investment Spotlight property remain in supply. Terms and Conditions apply<\/a>.<\/em><\/p>\n\n\n\n

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

We distributed total dividends of $73,856.15<\/strong> to investors from September rental operations at a 4.63%<\/strong> annualized return rate.<\/p>\n\n\n\n

The Atlanta multi-unit short-term rentals, including the hot-selling Atlanta-C8<\/strong><\/a>, have consistently achieved 5%+ annualized returns, demonstrating the benefits of economies of scale and strong local market visitor demand.<\/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

A special shoutout to the star performers:<\/strong><\/p>\n\n\n\n

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

The overall occupancy rate moving into October stands at 86.15%<\/strong>. Here are a few updates from the past month:<\/p>\n\n\n\n

Dallas-S9<\/strong><\/a> has renewed its lease until the end of September 2025, ensuring another celebrating year of passive income with a 3% rent increase. \ud83c\udf1f This single-family home in the Dallas-Fort Worth Metroplex has been under Ark7’s management since 2022, delivering consistent rental income and high appreciation potential. \ud83d\udcc8 It is now actively trading on the market, with a 15% gain from its IPO price.<\/p>\n\n\n\n

Berkeley-M2<\/strong><\/a> One of the six units in this multi-family property is undergoing renovation after the previous tenants moved out and is expected to be listed on the market in November. The anticipated rent for this unit will be significantly increased to the market rate of around $2,000+, improving cash returns with all 6 units occupied at the market rate. \ud83d\udcc8 Berkeley-M2 is listed on the Trading Market.<\/p>\n\n\n\n

Dallas-S7<\/strong><\/a> is undergoing a major renovation to optimize the layout and enhance rental flexibility. It has been vacant since September after the previous tenants moved out, and the renovation is expected to be completed in November, with a targeted rent increase of 6-10% for the new lease. \ud83d\udcc8 Dallas-S7 remains a popular listing on the Trading Market, showing a 20% gain over the IPO price (last trade) and experiencing high trading volume.<\/p>\n\n\n\n

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New to passive real estate investing?<\/h3>\t \n Explore Ark7 Opportunities<\/a>\t \n <\/div>\t \n<\/div>\n
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Trading Market Launches<\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

DFW-S12<\/strong><\/a> has been listed on the Trading Market since mid-September and has quickly become one of the most popular offerings, with a 4% gain over the IPO price (last trade) and strong trading activity over the past two weeks. \ud83c\udfe1 Its cash flow is healthy and steady, with a return rate above 5% and a 12-month lease beginning in June 2024. \ud83c\udf1f We expect DFW-S12 to continue performing well as we further expand into the Dallas-Fort Worth Metroplex.<\/p>\n\n\n\n

Chicago-C1<\/strong><\/a> is now available on the Trading Market. Its opening week performance has been solid, with a 2% gain over the IPO price (last trade) and strong trading volume. \ud83c\udfe1 Investors appreciate Chicago-C1 for its stellar returns, reaching 6.58% over the past year under Ark7’s management. \ud83c\udf1f While the team works on renewing the annual lease, the anticipated performance remains strong, given its prime location and appeal to medical professionals near the Illinois Medical Center.<\/p>\n\n\n\n

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As we continue to grow, total dividends paid out to investors have hit a new milestone, surpassing $2.5 million! To celebrate this achievement, we’re bringing back the highly popular Dividend Day Bonus if you order SoCal-S18 shares\u2014but only for a limited 3-day window. Investment Spotlight Ride Menifee\u2019s market growth by adding SoCal-S18 to your portfolio …<\/p>\n

2024 September Operating Highlights<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":17,"featured_media":15611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"yoast_head":"\n2024 September Operating Highlights - 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