Four sites

Where the gap between how full a site is and how well it is let is widest — which is where the rate work is worth doing.

Physical occupancy

85.1%

1,566 units let of 1,840

Economic occupancy

75.3%

9.8 points below physical

Rent collected against rent if every unit were let at today’s published rate.

Widest gap, trading sites

Rossville

88.8% full, 77.2% economic

Full of tenancies priced some time ago. Ooltewah’s gap is wider and is not a problem — see below.

Each facility with its unit count, physical occupancy, economic occupancy, the gap between them, and twelve months of physical occupancy.
Facility	Units	Physical	Economic	Gap
Ringgold RoadEast Ridge · opened 2014	612	88.9%	79.4%	9.5 pts
Hixson PikeHixson · opened 2018	528	90.9%	84.1%	6.8 pts
Rossville BoulevardChattanooga · opened 2011	466	88.8%	77.2%	11.6 pts
OoltewahLease-upOoltewah · opened June 2026	234	54.7%	41.0%	13.7 pts

The gap is the whole screen

Physical occupancy says how many doors are shut. Economic occupancy says what is being collected against what those doors are advertised at. Rossville is eighty-nine percent full and seventy-seven percent let, which is eleven points of rent sitting in tenancies that were priced years ago and never moved.

That gap does not close on the street-rate sheet — new lettings are three or four units a month at a site this size. It closes one sitting tenant at a time, slowly, inside rules that make it defensible on a phone call.

Ooltewah is counted and not judged

A site nine weeks old at fifty-five percent is doing well, and its forty-one percent economic occupancy is the lease-up discount working exactly as intended. It is in the portfolio totals because leaving it out would flatter them, and out of the rate sheet because pricing a site that is still filling is a different job.

No rate work is due here this month, by design.