{"id":3170,"date":"2023-07-04T03:36:39","date_gmt":"2023-07-04T03:36:39","guid":{"rendered":"https:\/\/ark7.com\/blog\/?p=3170"},"modified":"2023-07-17T19:13:13","modified_gmt":"2023-07-17T19:13:13","slug":"2023-june-operating-highlights","status":"publish","type":"post","link":"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/","title":{"rendered":"2023 June Operating Highlights"},"content":{"rendered":"<div class=\"boldgrid-section\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12\">\n<p class=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3417 size-large aligncenter\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18-1024x689.png\" alt=\"\" width=\"1024\" height=\"689\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18-1024x689.png 1024w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18-300x202.png 300w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18-768x516.png 768w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18-1536x1033.png 1536w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18-2048x1377.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p class=\"\"><span style=\"font-weight: 400;\">As we come together to celebrate the spirit of freedom and unity, we want to express our heartfelt gratitude to every investor in the Ark7 community. This holiday, we hope to bring you extra \u201clandlord\u201d joy with passive income from your portfolio nationwide.<\/span><\/p>\n<h2 class=\"\"><b>Ark7 Portfolio at a Glance<\/b><\/h2>\n<p class=\"\"><span style=\"font-weight: 400;\">We are distributing <b>$59,364.31<\/b> in rental dividends in June, reflecting an annualized rate of return of<b> 4.59%<\/b>. Two properties, Philadephia-D2 and Dallas-S7, generated 6%+ rates of return. Other properties with 5%+ rental dividend returns include popular homes in Chandler, AZ, Tampa, FL, and Berkeley, CA.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3171 size-large aligncenter\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Read-My-Performance-Report-1024x462.png\" alt=\"\" width=\"1024\" height=\"462\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Read-My-Performance-Report-1024x462.png 1024w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Read-My-Performance-Report-300x135.png 300w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Read-My-Performance-Report-768x347.png 768w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Read-My-Performance-Report-1536x694.png 1536w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Read-My-Performance-Report.png 1860w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2 class=\"\"><b>Leases Renewed with 6% Avg Rent Increase<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In the first half of 2023, we successfully renewed 7 leases within the Ark7 portfolio. This achievement not only highlights the strong relationships we have cultivated with our tenants but also signifies the growing value of our investments. As an Ark7 investor, you can expect consistent rental dividend returns in the next 12 months, supported by the positive impact of these lease renewals.<\/span><\/p>\n<h4><b>Properties with recent lease renewal<\/b><\/h4>\n<figure id=\"attachment_3202\" aria-describedby=\"caption-attachment-3202\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3202 size-large\" title=\"Properties with recent lease renewal\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657058-1024x432.png\" alt=\"In the first half of 2023, we successfully renewed 7 leases within the Ark7 portfolio. All leases are renewed with a 12-month long-term rental contract.\" width=\"1024\" height=\"432\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657058-1024x432.png 1024w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657058-300x127.png 300w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657058-768x324.png 768w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657058.png 1362w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-3202\" class=\"wp-caption-text\">All leases are renewed with a 12-month long-term rental contract.<\/figcaption><\/figure>\n<h4><b>Where to find my lease info?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">You can find lease info on respective property listing pages. Monthly rent is displayed upfront in the introduction. Current rental status, when you scroll down the listing, shows remaining lease terms and occupancy rate for the next 12 months.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3194\" title=\"Current Rental Status\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657057-1024x617.png\" alt=\"Current rental status, when you scroll down the listing, shows remaining lease terms and occupancy rate for the next 12 months. \" width=\"800\" height=\"482\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657057-1024x617.png 1024w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657057-300x181.png 300w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657057-768x463.png 768w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/Group-5657057.png 1364w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2 class=\"\"><b>Other June Highlights<\/b><\/h2>\n<h4><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.airbnb.com\/rooms\/924061504498295000?guests=1&amp;adults=1&amp;s=67&amp;unique_share_id=1eef00ff-b3dd-4967-b16b-0779875ee072&amp;source_impression_id=p3_1688421051_O2uUXCqSBz9%2Frg%2Bd\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3184 size-thumbnail alignleft\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/select-1-150x150.png\" alt=\"\" width=\"150\" height=\"150\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/select-1-150x150.png 150w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/select-1.png 240w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><b>Seattle-D1 goes Airbnb<\/b><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Officially launched, our second Airbnb offering is just a 5-minute drive from the University of Washington campus. Book your stay next time you&#8217;re in town!<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"boldgrid-section\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12\">\n<div class=\"boldgrid-section\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12\">\n<h4><span style=\"font-weight: 400;\"><a href=\"https:\/\/ark7.com\/investments\/62f55161c4cd7dd8dc91e362\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3188 size-thumbnail\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/plant-150x150.png\" alt=\"Atlanta-T4, the 2020 new construction Townhome is on the hot watch list for anyone who wants to add Atlanta to their portfolio. \" width=\"150\" height=\"150\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/plant-150x150.png 150w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/plant.png 240w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><b>Atlanta-T3 Sold Out, T4 40% Gone<\/b><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Located in the same community, the 2020 new construction Townhome is on the hot watch list for anyone who wants to add Atlanta to their portfolio.<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"boldgrid-section\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12\">\n<h4><span style=\"font-weight: 400;\"><a href=\"https:\/\/ark7.com\/investments\/62bd01e1e5598bc12e0123da\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3189 size-thumbnail\" src=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/plant2-150x150.png\" alt=\"Buy Dallas-S9 shares now to qualify for a minimum rate of cash distributions (4.50% and higher) for 12 months.* \" width=\"150\" height=\"150\" srcset=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/plant2-150x150.png 150w, https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/07\/plant2.png 240w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><b>Dallas-S9 Min 4.5% Special Offer<\/b><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Buy Dallas-S9 shares now to qualify for a minimum rate of cash distributions (4.50% and higher) for 12 months.*<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"row\">\n<div class=\"col-lg-12 col-md-12 col-xs-12 col-sm-12\">\n<p class=\"\" style=\"text-align: center;\"><span style=\"color: #3ec986;\"><a style=\"color: #3ec986;\" href=\"https:\/\/ark7.com\/investments?utm_source=Blog&amp;utm_medium=Organic&amp;utm_campaign=2023.01+Cash+Distribution+User+Email&amp;tc=THOGT\"><b>Build Your Portfolio<\/b><\/a><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ark7-property-list\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As we come together to celebrate the spirit of freedom and unity, we want to express our heartfelt gratitude to every investor in the Ark7 community. This holiday, we hope to bring you extra \u201clandlord\u201d joy with passive income from your portfolio nationwide. Ark7 Portfolio at a Glance We are distributing $59,364.31 in rental dividends &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\"> <span class=\"screen-reader-text\">2023 June Operating Highlights<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":12,"featured_media":3417,"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":"default","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":"default","adv-header-id-meta":"","stick-header-meta":"default","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":[21],"tags":[],"class_list":["post-3170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-update"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2023 June Operating Highlights - Ark7 Rental Dividends<\/title>\n<meta name=\"description\" content=\"This month, we are distributing $59,364.31 in rental dividends, reflecting an annualized rate of return of 4.59%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2023 June Operating Highlights - Ark7 Rental Dividends\" \/>\n<meta property=\"og:description\" content=\"This month, we are distributing $59,364.31 in rental dividends, reflecting an annualized rate of return of 4.59%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\" \/>\n<meta property=\"og:site_name\" content=\"Ark7\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-04T03:36:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-17T19:13:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ark7.com\/blog\/wp-content\/uploads\/2023\/06\/18.png\" \/>\n\t<meta property=\"og:image:width\" content=\"3480\" \/>\n\t<meta property=\"og:image:height\" content=\"2340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"The Ark7 Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Ark7 Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\"},\"author\":{\"name\":\"The Ark7 Team\",\"@id\":\"https:\/\/ark7.com\/blog\/#\/schema\/person\/5ab2b507abb19df7b43e8c52cd6127a8\"},\"headline\":\"2023 June Operating Highlights\",\"datePublished\":\"2023-07-04T03:36:39+00:00\",\"dateModified\":\"2023-07-17T19:13:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\/\/ark7.com\/blog\/#organization\"},\"articleSection\":[\"Property Update\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\",\"url\":\"https:\/\/ark7.com\/blog\/property-update\/2023-june-operating-highlights\/\",\"name\":\"2023 June Operating Highlights - 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