Clark Lindsey – Varsity

OCCUPANCY BOOSTED

ClarkLindsey started 2022 at an occupancy of 110 in their legacy apartments, and were at 122 as of September 27, exceeding their target of 119, a net gain of 12 over the past nine months. Their total occupancy has increased from 85% to 94%, and they now only have a few smaller one-bedroom legacy apartments left.

EXPANSION FINANCED

ClarkLindsey obtained 61 Priority Members and is currently converting Priority Members to 10% Depositors. The community expects to have 78% of the new apartments presold by the end of the year, well in advance of the financing timeline.

MOVE-IN GOALS EXCEEDED

ClarkLindsey’s goal for move-ins is 2.09 a month, and they are currently exceeding that goal with a monthly average of 3.

INQUIRIES DOUBLED

When ClarkLindsey started utilizing Varsity’s services in 2021, they were averaging 30 inquiries a month. In 2022, they’ve averaged 62 a month — doubling their inquiries. Their active lead base is growing each month by 10 to 15, exceeding the national average.

EVENTS FULL

ClarkLindsey’s average attendance for events has also been increasing. Their latest numbers: August’s Lunch and Learn: 30 attendees; August’s Wine Tasting in the Garden: 56 attendees; September’s Lunch and Learn: 38 attendees; and September’s Oktoberfest: 51 attendees. The fall events are already full (47 attendees scheduled for October’s Lunch and Learn and 48 in November), with plans for a Holiday Open House in December. The sales staff has never been busier. They are pleased with figures on both their legacy residences and the new expansion.