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Occupancy increased from 85.45% → 86.38% from October to November.Gained +2 rented units moving into Q4.No concessions used; complimentary units remained at zero.Two rent increases issued in October; none in September or November.Property entered late Q4 in a stronger, more stabilized position than at the end of Q3.
Occupancy held steady at 259 units (84.92%) from September through November.No gains or losses in rented units moving into Q4.Complimentary units unchanged.No rent increases issued in September, October, or November.Entering Q4 with stable but flat performance.
Portersville contributed all positive movement heading into Q4.Zelienople remained consistent with no variance in key metrics.Overall portfolio is stable, with mild upward momentum at Portersville and steady performance at Zelienople.
Portersville is the driver of positive movement, with a modest rise in occupancy and limited rent increase activity.Zelienople is holding steady, maintaining the same occupancy and rate structure it had at the end of Q3.
251202 Storage Pointe Meeting Notes
📊 MONTHLY PERFORMANCE UPDATE (OCT → NOV)
📍 Portersville
Key Operating Metrics
Table 1
Metric
Oct 2025
Nov 2025
Change
Total Units
213
213
➡️ 0
Total Occupancy %
85.45%
86.38%
⬆️ +0.93 pts
Occupied Units
182
184
⬆️ +2 units
Complimentary Units
0
0
➡️ No change
Autopay Penetration
31.52%
31.52%
Insurance Penetration
85.79%
84.78%
⬇️ -1.01% pts
There are no rows in this table
📌 Summary:
Portersville improved month over month: occupancy increased by 2 rented units and almost 1 percentage point. No change to total inventory or concession use.
📍 Zelienople
Key Operating Metrics
Table 2
Metric
Oct 2025
Nov 2025
Change
Total Units
305
305
➡️ 0
Total Occupancy %
84.92%
84.92%
➡️ 0
Occupied Units
259
259
➡️ No change
Complimentary Units
45
45
➡️ No change
Autopay Penetration
34.36%
Insurance Penetration
22.90%
24.71%
⬆️ +1.81 pts
There are no rows in this table
📌 Summary:
Zelienople held completely stable with no change across any reported metric.
📌 Q3 → Q4 Summary (Bullet Points)
Portersville
Zelienople
Portfolio-Wide
📄 Monthly Performance Narrative
Portersville & Zelienople — October to November**
Portersville – Performance Narrative
Portersville experienced a positive month-over-month improvement from October to November. Total unit count remained unchanged at 213 units, but occupancy strengthened. Occupied units increased from 182 in October to 184 in November, resulting in an occupancy rate increase from 85.45% to 86.38%—a gain of just under one percentage point. Complimentary units remained at zero for both months, indicating no concessions were added or removed.
Overall, Portersville showed healthy leasing activity, gaining net occupancy even as inventory stayed flat. This suggests demand remained steady into November and the property continued stabilizing toward peak occupancy.
Zelienople – Performance Narrative
Zelienople maintained complete month-over-month stability from October to November. The facility held at 305 total units, 259 occupied units, and an occupancy rate of 84.92% with no movement in complimentary units. There were no gains or losses in occupancy during this period.
While performance did not improve, the consistency indicates that occupancy is holding steady going into the winter months. With no concessions and no occupancy erosion, Zelienople maintained stable operational performance through November.
📄 Q3 → Q4 PERFORMANCE NARRATIVE
(Through November 2025)**
Portersville – Q3 to Q4 Narrative
Portersville showed steady improvement moving from Q3 into Q4. By the end of Q3 (September), occupancy was trending in a stable mid-80% range, and Q4 has continued that upward momentum. From October to November, the property gained 2 additional occupied units, increasing occupancy from 85.45% to 86.38%. While total unit count has remained flat at 213, the property is gradually tightening occupancy heading into the holiday season.
Complimentary units remained at zero throughout both quarters, suggesting disciplined concession control.
Rent increase activity at Portersville was light this quarter. No increases were recorded in September, and only two tenant increases were applied in October. November showed no further adjustments. This means that while occupancy improved, rate management in Q4 has been conservative.
Overall, Portersville is entering late Q4 in a stronger occupancy position than at the end of Q3. Demand has held consistently, and the property continues to push toward higher stabilization.
Zelienople – Q3 to Q4 Narrative
Zelienople’s performance from Q3 into Q4 has been stable but flat. By the end of Q3 (September), occupancy hovered around 259 occupied units, representing an occupancy rate just under 85%. As the property moved into Q4, both October and November mirrored these figures exactly, with no movement in occupancy, total units, or complimentary units.
This indicates that Zelienople held steady demand but did not experience the small occupancy lift seen at Portersville. The property maintained a consistent operational profile with no growth or decline, which is common heading into winter months in stable markets.
Rent increases have also been absent at Zelienople for the entire Q3 and Q4 period reviewed. No tenants received rent adjustments in September, October, or November, based on the rent-rate reports provided. This suggests rate initiatives have not yet been activated for this site.
In summary, Zelienople remains stable but unchanged entering the latter half of Q4. The property is maintaining occupancy but is not yet pushing growth through either leasing gains or rent increases.
Combined Portfolio Narrative (Portersville + Zelienople)
Across both sites, the portfolio is stable and performing consistently through Q4.
Together, the facilities are entering late Q4 in a healthy position, with Portersville trending upward and Zelienople remaining consistent. Rate increase utilization is low overall, indicating potential opportunity to strengthen revenue as Q4 closes and Q1 approaches.
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