Thanks, Mark.
of country. a able the are safety communication hard by the help and the on focus transparent our frequent sessions employees managing dedication process Their Equity health the during continue culture team voices was to impacted organization acknowledging of of our second new start our challenging and These to residents COVID executing standards on the quarter. me and us of Let stress by our implementing operating the were cultivate received work in operating Despite and in conditions, fellow their been elevated voices residents prospects. consistent concerns. residents and They various Residential. standards employees by address stayed they and team their very at The well have by throughout a navigating cleanliness who held unrest to financially due with how inclusion emphasize will that top delinquency virus. by to to share listening our heightened
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rates Our other Washington grouping, and mid-May, portfolio. in XX.X%. of like applications. been of of quickly XX% and the about remained assets D.C., of consist consist concessions and year-over-year Pricing about of low XX% at markets down urban stable but our being occupancy the XX% reached bounce assets California has being of on since Seattle with used third in and May, our back middle These Southern point and
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deficit has the make was this strong year the in levels quarter has April. lack up for to started the not of but recovered While enough prior application Retention count created in by the to since moderated. volume
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rents year-over-year Our double-digits are at/or seeing we approximately use is urban portfolio the largest and The decline XX% into Francisco, immigration. declining suburban. well of entire in above this also concession the from year-over-year biggest the portfolio. start-up and city the city our impact represents San XX% layoffs widespread and in the of has weeks four are and market that presently In lack has experienced foreign
Peninsula the submarkets May. Bay in in those in and we stabilized as South Our that portfolio few urban well East the early suburban located Bay, have as assets
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creation increasing competitive in the spike year, the delivered of and large reversal technology grow supply job COVID to market recent a half to of story for certainly We out for even remains order in being But plans potential short-term phased meet positive. second the strongly the jobs content cases coming levels opening new and the are more high of While market diverse pandemic the in this online demand the think have potential the in negatives. in content. L.A.
Finally, deliver. above on Diego will they downward limited resilience County At beyond times, and the well occupancy rates. teams but San that and business is very can Orange shown and to I both this our turn have demonstrating Bob. are with our performing year prior These call are over challenging pressure point,