What It Means

The Lease Up tag is used to indicate properties that are still in an active stabilization phase, where performance patterns are evolving and may differ from long-term, stabilized communities.

We apply this tag primarily to newer properties and to properties where leasing and occupancy trends are still forming based on the data we’ve observed so far. In these cases, metrics like occupancy, pricing behavior, and competitive positioning may be more volatile and should be interpreted with additional context.

A property may be tagged as Lease Up when:

• It is recently delivered or newly built 
   
• We have limited historical leasing data (<6 months)
   
• Its recent performance suggests it has not yet demonstrated sustained, stabilized occupancy behavior 

Once a property shows consistent occupancy patterns over time and sufficient leasing history, the Lease Up tag is removed and the property is treated as stabilized in the platform.

Why This Matters

The Lease Up tag helps you:

• Quickly identify properties that may behave differently from stabilized assets
   
• Interpret pricing, availability, and occupancy trends with the right level of caution
   
• Make more informed comparisons when benchmarking against comps
   

Note: The Lease Up designation is based on a combination of property characteristics and observed performance over time. We intentionally do not rely on a single signal, and the criteria are periodically re-evaluated as new data becomes available.

Should you have any additional questions, please contact our Support Team.