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bjbj The apartment concessions value is a unique piece of our apartment data that sets
us apart from other companies. Our apartment concessions analysis begins at the floor plan
level where we use an apartment concessions calculator that allows us to properly calculate
an effective rent for all floor plans across our database. Clients are able to go into
our website and pull down apartment concessions by floor plan and see exactly what types of
apartment concessions are being used, it could be free rent upfront, free rent that is pro-rated
or reduced rent across the term of the lease; that apartment data is then aggregated for
the property and in the sub-market, we can show which sub-markets and markets have had
the greatest variance in apartment concessions over a period of time which can help stimulate
rent growth as apartment concessions burn off. PAGE Transcribed by Transcription HUB
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