thank and We're morning, our much, results. Thank to report you quarter Good you second pleased us. for very everyone, Nelly. joining
team revenue has Our integrating, have increased increased the business operating well. been plan enhanced communities of Not only now seeing which, We're physical acquiring Most value-add revenue benefits community. of has results, these of modernizing, around and to completed X% our we in the XX% or proud are our have XX of more. more, quality by more, and or our increased portfolio locations, done at or of communities have but have and of the we upgrading value expanding communities increase work by revenue of very also by has turning XX the communities worked exceptionally them XX continues substantially. reputation each XX% that work strategy. and have communities. we our our The and Year-over-year, improved
During the of price located the are positive contain quarter, $XX.X rents. million. and with communities acquisition of impact results. on X acquisition this XXX total Indiana, and represented in purchase on on closed communities communities XX, stabilized XX% homesites, of additional the in land high-quality earnings assets all-age fully May below-market therefore, developed expansion are closed occupied. not These our is currently which, we for for This quarter's a These
containing Our of total X,XXX rate a million. a acquisition consists X $XX.X of currently properties of occupancy for pipeline, XX% sites, blended with
deals source We are environment. competitive satisfied with in our a acquisition ability to
was year million to million $XX.X to compared of further all NOI representing related hope opportunities evaluate increase as our to million as for ago, an and increase a quarter million XX.X%. grow pipeline. an the XX.X%. compared and potential $XX.X We Rental for a of $XX.X ago, year was $XX.X continue Community the to income representing acquisition quarter
a XX.X% XX% operating for to compared continues year ago. Our ratio was and improve current expense community to the quarter
is Our overall XXX representing now year-over-year. increase an XX.X%, points occupancy basis of
weighed Our to by acquisitions. overall our be down rate occupancy continues
in fill portfolio. expenses sites property of we business XX%. occupancy XXX we demonstrate for X.X%. our basis acquisitions, prior property property acquired occupancy our the were potential with which at XX.X% revenue point vacant property X.X%, our a quarter increased year-over-year. a Same-property improvement an pool Same same for NOI X.X%, from increase Same done and XXXX, our acquisitions have results our have increased XXXX, weighted plan. consider successfully rate at of average while of success in resulting end, increased As will in to same embedded acquired them growth Included representing to our
around, to for X take communities generally rental quickly, rise to we and continues strong. exceed results. These increase turn value. decrease will continue homes business in ratios superior be they same-store acquisitions do, from benefit X to substantially when and the plan, expect Demand years value-add but our to Our the or maintain expense occupancy levels to communities
our quarter, homes for to total the to added rental the XXX bringing During we year. our communities, XXX
annual homes meet of to adding to goal expect new our our XXX portfolio. rental We
Our portfolio X,XXX now with of rate occupancy XX%. homes rental home contains an
$XXX, period. way rental to community operations improve which X.X% most increase over at newly The rental home program. monthly of by is the communities the efficient rate is an average utilizing acquired Our home is prior year
[indiscernible] $X.X was period for to also customers last the same aesthetics future. of residents quickly while year. are purchase the improve an units of representing for the more New the likely exposing representing to are the product. of the quarter over increase million, million, last an for Sales rental new rental the These over year $X.X period XX.X% X.X% year. increase same Sales the community
to the our driving return XXX homes grow, profitability. of sold sales to have compared to we at ability homes price at price $XX,XXX year. of an $XX,XXX per XXX average continues average last home volume confidence per Year-to-date, to our operation home in an sales Our of
communities. have This the X we physical at metering separately of utilities quarter, completed work
our further margins the will Next quarter, will changing their these lease these structure so improve we operating communities. residents will complete utilities. of pay directly at This communities,
year. anticipate sites we additional front, expansion the On building this XXX an
of shortly. with to are projects set begin several construction bids these We for obtaining
Our and expansions in for of located is performing are one both markets rentals. our Tennessee, which primarily best sales
at XXX X locations separate building sites We will Tennessee. in be
to plan develop is sites substantial very property communities our Ohio. in for XX There asset additional Indiana also type. entry to sites and the barriers Having in and expand somewhat We existing to valuable are a us. additional ability XX for hidden
to program demand, report growth. working successful that reporting our and multiple occupancy in private driving We're each and Our been leverage to marketing sales all grow community I to land due NOI happy has of our largely on our very traffic our am proximity exponentially. operation other. locations, increased both to the communities' are in on footprint regions to
Our occupancy year-over-year. XXX market increased is which basis Indiana, best-performing points by
of job Our and communities in of Shell future. tax prices to region a oil rising expansion the with rising in and Marcellus largest The the economic relief a one are continues become Utica target oil producers wages. benefiting to from now improving gas demographics. gas resulted and world, net Regulatory The is in and the have United near States the and creation progress. paired with in exporter
we our increase these As energy and more the export in pipelines terminals, in will that energy cracker come value. to online significantly can landholdings plants, transported and plants expect regions be
for demand We the have uptick in rights. seen an our leasing recently mineral of
sites. communities now approximately is of Our communities with XXX of manufactured XX,XXX comprised home portfolio
for residents platform We improve to utilizing shareholders. and life have by acquiring long-lasting our value a portfolio the built underperforming for quality create our a first-class assets our of and
been this our were in competition This and have will but has more has the market recently cannot class. well timing detail private institutional equity it our resulted discovering portfolio made you for provide of advance able Our We quarter. on value the increased asset better. challenging, results now the to Anna acquisition that And of our from has the substantially greater build increased with also investors, portfolio.
