Michelle Lyng June 23, 2020

Here’s how Colorado apartment rent collections ended up for May

Denver Business Journal reports on Colorado apartment rent collections for May and mentions the Colorado Apartment Association.

“Apartment managers across Colorado collected more rent in May than they did in April, according to new data compiled by the Colorado Apartment Association.”

“Data from 50 different apartment management companies representing more than 125,000 apartment homes across the state shows that 95.2% of renters paid May rent in full by the end of the month, up from approximately 91% in April.”

“That increase of four percentage points is an encouraging sign for the industry after a “relatively high” collection rate in April, according to CAA executive vice president Mark Williams.”