Leasing Department
Feb 21, 2024
Knoxville, TN — As we celebrate these accomplishments, we look forward to the continued growth and success of Flagship Kerns, inspiring others in the industry to raise the bar and redefine what's possible.
While others seemingly focused primarily on a quick lease up year, our team at Flagship Kerns and Caliber Living focused their efforts on the basics of property management. With a larger understanding of leasing strategy, Flagship Kerns outperformed the top student market in the country in average rent growth, demonstrating that excellence in the essentials can lead to unparalleled success.
While many competitors fixate on achieving 100% pre-lease, Flagship Kerns and Caliber Living adopt a distinctive approach—prioritizing the basics that drive rent growth and occupancy.
Flagship Kerns isn't just leading; it's setting the standard. In a market where the
average rate per bed increased by 23% Year-Over-Year, Flagship Kerns not only matched but surpassed this figure with a 25% growth despite being over a mile and a half from campus. This accomplishment showcases our ability as a
management group to bring additional value to the assets we are trusted to oversee.
Flagship Kerns has become more than a property; it's a beacon of success and innovation within the Caliber Living portfolio.
“Despite not aligning with the trends of the market, our deliberate out-of-the-box approach, and willingness to separate from the pack helped us maintain focus on the target,” Nandra Jackson, Regional Director.
By focusing on the essentials and achieving remarkable rent growth in the face of competition, Caliber Living sets a new standard for excellence.
As we celebrate these accomplishments, we look forward to the continued growth and success of Flagship Kerns, inspiring others in the industry to raise the bar and redefine what's possible.
Stay tuned for more success stories and insights from Caliber Living—where excellence is not just a goal but a way of life.
