{"id":4847,"date":"2023-12-03T00:43:05","date_gmt":"2023-12-03T00:43:05","guid":{"rendered":"https:\/\/ark7.com\/blog\/?p=4847"},"modified":"2024-04-26T21:41:16","modified_gmt":"2024-04-26T21:41:16","slug":"2023-november-operating-highlights","status":"publish","type":"post","link":"https:\/\/ark7.com\/blog\/property-update\/2023-november-operating-highlights\/","title":{"rendered":"2023 November Operating Highlights"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

50k+ Registered Investors<\/h2>\n\n\n\n

As the holiday season unfolds and wraps up an eventful 2023, Ark7 has a special reason to celebrate: we’ve surpassed 50,000 registered investors! It’s a reflection of the incredible trust and enthusiasm you’ve shown in our journey towards making real estate investment accessible and innovative. A huge shoutout to everyone who’s been part of this adventure! Our commitment to delivering consistent, stable cash returns is evident in our property management team’s diligent work to keep each property in top condition and sustain healthy occupancy rates. This achievement signifies our growth and underscores our dedication to financial empowerment and investment excellence.<\/p>\n\n\n\n

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

Our portfolio continues to thrive. This month, our diverse range of properties is achieving an average annual return of 4.75%. October’s dividends amount to $64,166.65<\/strong>, bringing the total dividends to date to close to $1.9 MM.<\/p>\n\n\n\n

Shout out to our star performers. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

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

Urbana-S11<\/strong>
Recently sold out, the lease is extended for another year until August 2025, with a notable 10% rent increase for the 2nd year. This star performer has delivered over 6% cash yield, making it a top choice for cash flow investors.<\/p>\n\n\n\n

Chandler-S4<\/strong>
The new lease was secured in October, effective until the end of September 2024! This includes a modest 3% rent increase, aligning with market trends and ensuring sustainability. We’ve achieved annual cash returns of close to 5%, with prospects for near double-digit property appreciation.<\/p>\n\n\n\n

Atlanta-T3<\/strong>
The lease is renewed for another 12 months until mid-Jan 2025, with a rent increase of 3.23%. This comes alongside a historical cash yield of close to 5% and a historical 20% home value appreciation.<\/p>\n\n\n\n

Secondary Market<\/h2>\n\n\n\n

Atlanta-T3 is our newest addition to the secondary market. This 2020 newly-built townhome is close to all living essentials and is commuter-friendly. The tenancy is exceptionally stable, ensuring consistent cash flow. Initial trading activities are promising, with multiple buy orders higher or at the IPO price.<\/p>\n\n\n\n

Property Highlights<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>
\n

Alexandria-C2<\/strong><\/p>\n\n\n\n

Over 50% sold! Our first investment in Virginia, 20 minutes to D.C. This designer condo is within reach of endless professional and recreational opportunities.<\/p>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n
\"\"<\/figure>
\n

Chandler-S4<\/strong><\/p>\n\n\n\n

1-year lease just renewed! Expecting ~ 5% consistent cash yield. This incredible single-family house enjoys a sizable lot and is close to top employers in the city and all living essentials.<\/p>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n
\"\"<\/figure>
\n

Philadelphia-D2<\/strong><\/p>\n\n\n\n

Last 2% remaining! Secure your shares of this student housing in the heart of Philly, historically delivering 6%+ cash yield.<\/p>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n
<\/div>\n\n\n\n
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Build My Portfolio<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

50k+ Registered Investors As the holiday season unfolds and wraps up an eventful 2023, Ark7 has a special reason to celebrate: we’ve surpassed 50,000 registered investors! It’s a reflection of the incredible trust and enthusiasm you’ve shown in our journey towards making real estate investment accessible and innovative. A huge shoutout to everyone who’s been …<\/p>\n

2023 November Operating Highlights<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":17,"featured_media":4850,"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":"default","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":"set","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-4847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-update"],"yoast_head":"\n2023 November Operating Highlights - Ark7<\/title>\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-november-operating-highlights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2023 November Operating Highlights - Ark7\" \/>\n<meta property=\"og:description\" content=\"50k+ Registered Investors As the holiday season unfolds and wraps up an eventful 2023, Ark7 has a special reason to celebrate: we’ve surpassed 50,000 registered investors! 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