Cocoa:
Move-ins increased (15 in Jan vs. 12 in Dec), move-outs slightly up. Net rentals improved to +7 in Jan. Occupancy rose from ~93% to ~94%. Revenue held steady, slight drop (~$700). Coleman:
Move-ins rose to 15, move-outs dropped to 11. Net rentals increased to +4. Occupancy stayed around 88%. Revenue dipped by ~$2,200. Overall: Cocoa showed better leasing momentum and occupancy growth. Coleman improved in leasing but saw a slight revenue drop.
Performance Update: Cocoa and Coleman (Dec 2025 vs Jan 2026)
This report provides a performance update for the Cocoa and Coleman properties, comparing key operational metrics from December 2025 to January 2026. The metrics analyzed include move-ins, move-outs, net rentals (move-ins minus move-outs), actual occupancy rate, and actual revenue. The tables below break down these metrics by property and month, followed by a summary of month-over-month changes.
Cocoa Property Performance
Cocoa – Key Metrics (Dec 2025 vs Jan 2026):
Highlights for Cocoa:
Leasing Activity: Cocoa saw increased move-ins in January (15, up from 12 in Dec) along with a slight uptick in move-outs (8, up from 7). This resulted in a net gain of 7 rentals in Jan, improving from a net gain of 5 in Dec. Occupancy: The occupancy rate improved from approximately 93% in December to 94% in January, reflecting an increase from 260 to 264 occupied units out of 280. This is about a +1 percentage point rise in occupancy month-over-month. Revenue: Actual revenue remained roughly flat. Cocoa collected about $93.5k in January compared to $94.2k in December, a slight decrease of ~$700 (≈0.8% drop) despite the higher occupancy. This suggests revenue was essentially steady month-over-month. Coleman Property Performance
Coleman – Key Metrics (Dec 2025 vs Jan 2026):
Highlights for Coleman:
Leasing Activity: Coleman experienced higher move-ins in January (15, up from 13 in Dec) while move-outs declined (11 in Jan, down from 12). This led to a net rental gain of 4 in Jan (versus a net gain of 1 in Dec), indicating improved tenant retention and growth. Occupancy: The occupancy rate held steady at approximately 88% in both months. Coleman had 242 occupied units at the end of January vs. 243 in December, so effectively no significant change in occupancy level month-over-month. Revenue: Actual revenue dipped slightly. Coleman collected about $46.4k in January, down from $48.6k in December. This ~$2.2k decline (roughly –4.6%) occurred despite similar occupancy, suggesting possible rate differences or timing of payments. Overall, Cocoa showed stronger leasing momentum going into January with increased move-ins and higher occupancy, while Coleman's occupancy remained flat with modest improvement in net rentals. Both properties' revenues were relatively stable, with Cocoa essentially flat and Coleman seeing a slight drop in January. The month-over-month changes are summarized in the tables above for a clear comparison of December 2025 vs. January 2026 performance per property.