assets, our growth. prior revenue XX.X% fueled in Portfolio-wide a quarter continued, X.X% Same-store XX-basis BRG’s with morning, you, year X.X% All the quarter good the April. year average of the market, first like over all rates but in occupancy and began by the robust end everyone. for off the XXXX the rental rental versus XX point outperformance in Thank increased noting a assets, the of and job start pool across that in recognized driven of performance across prior operating properties to I’d reaccelerate decrease as in by by period, of rates increase Ramin, average and particular in in the occupancy. period, period. portfolio prior-year the to XX.X% first quarter Florida the versus increases was average
by negative QX true-up. to an primarily On the expense XXXX and X.X%, by approximate increase estate higher in municipality increased a tax valuations same-store from front, real resulting $XXX,XXX taxes expenses due
QX the tax the X.X% increased expenses for Excluding basis. true-up, quarter negative increased year-over-year XXXX same-store NOI X.X%. a on Same-store
true-up, X.X%. NOI tax Excluding the QX ‘XX increased negative
as operational reinvestment XXXX tax the in well a activity experienced point as to disposition margin XX.X%. true-up. negative This On attributable QX decline margin our we primarily ‘XX and XXX-basis decline our front, the to is
the investment expenses in higher platform, typically we state. On take that front, opportunities operational our we distort the can asset to can several front. incur the these into that disposition stabilize a quarters exited capital on to flowing onetime as we Shifting upfront And margin usually recycled to assets into operational mature near-term. the bring growth disproportionately cash and steady
totaling amenitized, asset from Mac approximately X.XX% with for a to to ranging focus and purchase to the whereby million on active equity value. Core+ approximately in of in we X.X% the cap property is cap X% loan disappointed one suburban yield X.XX%. targeting projected rates in XX% year the Denver, million investments. The venture executing market units funded deal remain $XX capitalized rate grow $XX standard, gross continue areas of rate BRG a The XXX on of acquisition product. $XX cap the the We million to terms operating is rate renovation acquisitions and but and capital lifestyle X.XX%. consistent at our and the closed to In to versus plan ownership, and units business asset live/work/play with in amenity our X with a highly improvements fixed stabilized strategies, approximately from asset migrate interior approximately will quarter, Freddie
during we was the from seller purchase an into the approximately transacted they frame. project provided previously could and one of new proceed for end for additional closing we on developer assurance a the so property repatriate operating the the lease-up to closed deal Beach, sourced contracting with Following time Florida, $XX a with quarter, opportunity The in a Daytona of off-market million. tight
XX our market from basis approximately X As points the we X% and of $XX prevailing cap a XX purchase, year equity and of and X.X% rate utilized is yield above To result, our credit. million points we line basis $XX in million fund senior stabilized rates. cap believe projected and
shore Gulf through million ARIUM added equity. buyout amount existing agency quarter-end, with loans. ownership of refinancing which we post totaling In took million Gulf a minority was credit addition in in Palmer senior line Ranch, to XXX%, closed funded buyout, ARIUM the ownership in of interest fixed-rate ARIUM an the funded totaling $XX well. the was loan on to $X Ranch ARIUM Palmer BRG million, $XX both The was and our acquisitions, amount as of to shore with the and
and in refinance of buyout returned equity to existing loans, million $XX the the Following company. the was
of and BRG commitment. into preferred million the quarter first the the at investment Fragler mezzanine was BRG the million. development equity the first an funded In existing loans terms mezzanine development In end total of The $XX equity additional of quarter, $XXX loan. and
to the on balance Moving sheet.
million at of senior fixed-rate repaid credit of with yielding the million $XX credit In Following ARIUM in of base, MetroWest quarter $X average line and X.X%. interest in incremental borrowing and combined total, company and senior off rate we the equity line the agency these million Greystone an transactions loans of proceeds. end, $XX refinanced into proceeds Outlook
business transactions of line X, of of and quarter the base, credit senior million borrowing Plus of BRG million, post for junior at of credit $XX investment approximately junior a secure the May the close B available capacity to Following have million reconfiguration And combination on through has continue our and senior $XX of $XX the Series cash balances credit. stood line today, and line respectively. offering. availability and of on our we through as
balance sheet. on Lastly, the
worked have floating result our end reduce fourth rate floating company, XX%. the rate to and quarter, the exposure XX% as recent permanent a the at We has of from financing the to on since reduced transactions, exposure been the of
down company exposure the that manage forward. We manage expectations. we normalize allocation. going not prepayment outperformance XXXX, will continue will our our But The to In first to give note throughout flexibility projected performance that will remaining floating to budgeting modest exposure and XX%. our exceeded percentage are I quarter capital around we continue as that closing, expect the
to impact comfortable our with $X.XX per said that, are Having an forward. $X.XX Additionally, incremental are return full rising our call $X.XX guidance reiterating guidance from year now we AFFO the will going and of And to about I share. includes conclude. Ramin of that, rates with to
