Alex Kim

You've highlighted BTR as a strategic growth channel

We saw the spread between renewals and new move-ins widen again this quarter

I'm just curious how lease of velocity has trended this far and any changes to concessions usage

Is the development volume from the DFP included in

Where does development sit relative to acquisitions and then potentially looking at share repurchases?

if you're seeing any difference in performance or rent growth between your urban and suburban assets

This expense bucket has been elevated the past couple of years with double-digit year-over-year growth

What's been different about the leasing environment this year just compared to historical norms or even your own expectations

is that still the case in your markets? How long do you expect that to last, especially as forward outlook just grows more positive consistently?

if you could talk about your leasing trend so far for the three communities in lease-up. And how that flows into the lease-up revenue line

Just curious what needs to change for you to restart construction activity

the completion date for your unconsolidated development in Washington State was pulled forward about a year

Could you talk about what you're seeing in the transaction market and just the quantity of for-sale supply in your markets?

just curious what factors are you most closely tracking to determine upside or downside of your assumptions?

Any concerns that the level of demand isn't sustainable?

I was wondering if there could be any upside to your target $1.5 billion in acquisition volume this year?

Have those eviction processing time lines improved at all in the first quarter? And when do you anticipate that the supply reduction in 2026 shows up in meaningful pricing power improvement?

Do you anticipate further improvement even below pre-COVID norms? And could you quantify how much of a contribution is embedded into that 30 basis point tailwind from the other income bucket

Could you walk through the decline in year-over-year repair and maintenance costs and -- can that be attributed to the continued decrease of same-store turnover? And is it sustainable into Q4 and 2...

we saw the spread between renewals and the move-ins widened again this quarter. And previously, there might have been some expectations for market rents to converge with renewals. Just curious what...

Just curious, is this a primary driver to the lower repair and maintenance expense as well?

Is there any timeline that you're assuming for this spread to tighten?

I wanted to ask about how lease-up velocity has trended so far year-to-date and kind of fitting that into the context of acquiring projects that are in lease up

Can you talk about what you're seeing in the transaction market for stabilized product, I guess, and what you expect moving forward for transaction volumes

just how do you think turnover should trend during the recovery portion of the cycle?

what, if at all, has surprised you about the supply environment so far this year that has materially impacted pricing power?

could you talk through what your expectations are for the operating environment in the out years when some of your more recent starts will deliver?

I was just curious how renewal rent growth has remained as resilient despite the gap

just curious if there is a kind of read-through that you see in terms of the recent macro noise in your leasing velocity or traffic

Could you talk about what's driving the strength in how do you think about the job outlook in that market

Could you talk about your other income growth and provide some more detail on how it contributed to sequential same-store revenue growth

new move-in rent growth actually outpaced renewals in the second quarter. Could you talk about some of the drivers of that dynamic

Has that resulted in any incremental improvement that you've seen thus far? Is that Anything, I guess, related to that program would be helpful

are there any additional details you can provide about the partnership? And maybe more specifically, its effect on NOI

is there any upside to that acquisition volume from what you're hearing? And any particular markets that might be in focus