EX-99.1 2 a2014-2015leasingdata.htm EXHIBIT 99.1 LEASING RESULTS FOR THE 2014/2015 ACADEMIC YEAR 2014-2015 Leasing Data
FALL 2014 FINAL LEASING RESULTS


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Opening Occupancy
 
 
Year Over Year Change In
 
Design Beds
 
2014
 
2013
 
 
Occupancy
 
Rate
 
Total Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Same-Communities - by Tier
 
 
 
 
 
 
 
 
 
 
 
 
     Prior Year Occupancy Below 90% (Tier 1)
3,597

 
91.8
%
 
81.7
%
 
 
10.1
 %
 
(0.4
)%
 
9.7
%
     Prior Year Occupancy 90% to 94.9% (Tier 2)
5,992

 
95.5
%
 
92.3
%
 
 
3.2
 %
 
1.3
 %
 
4.5
%
     Prior Year Occupancy 95% to 97.9% (Tier 3)
5,514

 
95.6
%
 
96.4
%
 
 
(0.8
)%
 
2.6
 %
 
1.8
%
Prior Year Occupancy 98% and Above (Tier 4)
8,356

 
99.3
%
 
99.9
%
 
 
(0.6
)%
 
3.1
 %
 
2.5
%
Total Same-Communities (1)
23,459

 
96.3
%
 
94.3
%
 
 
2.0
 %
 
2.0
 %
 
4.0
%
Total New-Communities (1)
5,405

 
96.1
%
 
 
 
 
 
 
 
 
 
Total Communities
28,864

 
96.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) The same-community designation for leasing purposes is different than for financial statement purposes. A community is considered same-community for leasing when the Company has managed the leasing process for at least two leasing cycles, including the Fall 2014 lease cycle. In addition to communities for which the Company has managed the leasing process for less than two cycles, new-communities include all 2014 development deliveries that are more than 50% owned.