August 2023 Observations: Achieved more than 2,200 move-ins during August, the highest number of move-ins over the past five years. August 2023 weighted average occupancy increased 50 basis points sequentially, from 77.1% in July 2023 to 77.6% in August 2023. Supported by a 120 basis point increase over 2022, August represented 22 consecutive months of year-over-year weighted average occupancy growth. August month end occupancy surpassed 79.0% and achieved new high since the start of the recovery in March 2021.
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