Invitation Homes Inc at Nareit REITweek Conference Transcript
Hello, everyone. Thank you for joining us today for a Q&A with the executive management team of Invitation Homes. For those of you who might not know me, my name is John Paul Flangos, and I'm the residential and self-storage REIT analyst at BNP Paribas.
Today, we are joined by CIO, Scott Eisen; CFO, Jon Olsen; CEO, Dallas Tanner; and COO, Tim Lobner. Before we jump into the Q&A, I'd like to turn the table over to Dallas for any opening remarks.
Thanks again. It's good to be with everyone. There's sort of 3 major themes we've been hitting in a majority of our meetings. First, on the fundamentals, our spring leasing season is tracking well. Same-store occupancy and blended lease rate growth accelerated nearly 100 basis points from the first quarter of this year until May quarter-to-date to 97.2% from an occupancy perspective and 2.5% from a blended rate perspective.
That you could sort of deduct is April, as we talked about, at 2.3% with May getting to 2.8% on our
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