Caliber: 2nd Ave Commons today, and what The PM can do there

Read on November 5, 2026. Prepared for David Bodkin. Nothing here comes from your systems. It is what anyone can read on the current rental listings, plus one reply we drafted for you. YOUR BUILDINGS 1. 2nd Ave Commons, 140 W 2nd Ave, Mesa, AZ 85210: 144 apartments (48 one bedroom, 96 two bedroom) in 12 three story buildings, completed December 31, 2023. 2. West Frontier Apartments, 300 W Frontier St, Payson, AZ 85541: 42 apartments, built 1985, acquired March 2023. 3. SouthPointe, 10831 S 51st St, Phoenix, AZ 85044: 188 apartments on completion, a hotel conversion plus new units on adjacent land. This page reads the first one in detail. AS IT IS TODAY AT 2ND AVE COMMONS (class: measured, read November 5, 2026) 1. 11 of the 144 apartments are listed for rent (7.6%). 5 are available now; 6 come open between November 9, 2026 and January 5, 2027. 2. Asking rents on those 11: $1,259 to $1,705 a month, average $1,463. 3. The listing reads "Newly Reduced Rents" and offers 10 weeks free on a 14 month lease. At the $1,463 average asking rent, 10 weeks is about $3,375 per lease (our estimate: rent x 12 / 52 x 10). 4. What we cannot see from outside: how fast each inquiry gets an answer and how many become tours. That sits in your leasing system, so we do not guess it. WITH THE PM (class: can, a forecast, not a result and not a promise) - Every inquiry on the 11 listed apartments can get an answer the same day, with the tour booked in the same thread. - Each of the 6 apartments coming open can be marketed and shown before its move out date. - Every concession lease can be tracked to its free months, and its renewal can be flagged before it comes due. - Rent can be collected, late payments followed up and the month close prepared for all 144 apartments. ONE REPLY WE DRAFTED FOR YOU (a draft only, not sent; anything in brackets your manager confirms) An inquiry on unit 316 (Diamond, 1 bedroom, 743 sq ft, $1,324, available now): "Thank you for asking about 2nd Ave Commons. Unit 316 is a 743 sq ft one bedroom at $1,324 a month, available now, and a 14 month lease comes with [confirm current special]. We can show it [two open tour times from your calendar]; reply with the one that works and we will hold it for you. The light rail and downtown Mesa are a short walk from the gate." AN EXAMPLE OF THE EFFECT (illustrative, not a client result) For example, if each of the 11 listed apartments leases 7 days sooner, say, that is about $3,750 of rent (11 apartments x $1,463 average asking rent x 7 / 30). Assumptions: the asking rents above and 30 day months. Estimated by us, not reported by you: days to lease. Your numbers will differ. HOW WE MEASURED - Listed apartments, plans, rents and dates: the current rental listings for 140 W 2nd Ave, Mesa, read November 5, 2026; two listings agreed on 11 apartments. Counts move daily. - Building facts: as listed for each building. - The draft reply: written from the listing alone.