After a record setting year in 2021 amongst all key performance indicators, the U.S. apartment market is poised to have another successful year in 2022. According to RealPage, quarter demand for the first quarter was 94,900 units which was nearly double the demand that is seen in first quarter historically. Strong demand translated to a slight uptick in occupancy which was 97.6% for the quarter. This occupancy rate is the highest reading sine being tracked by RealPage. The 10-year average of occupancy is 95.3%, which tells us apartments have demand and that the demand is rising. Correlating with that recording, all major U.S. markets have more occupied units today than at the start of the pandemic