LITTLE ROCK, Ark. and
TORONTO, May 3, 2022 /CNW/ - BSR Real Estate
Investment Trust ("BSR" or the "REIT") (TSX:HOM.U) (TSX: HOM.UN)
recently placed second in the J Turner Research ("J Turner")
list of top U.S. multifamily real estate investment
trusts ("REITs") for 2021 based on its online reputation assessment
("ORA") score. The J Turner ORA score is the multifamily industry
standard measurement of review sentiment and resident satisfaction
and is calculated from resident reviews placed on websites like
Google, Yelp, Apartments.com and ApartmentRatings.com. Recent
multifamily research shows that 93% of prospects read online
reviews as part of their search for an apartment.
Three individual BSR communities finished in the top 1%
nationally: Vale Frisco, Wimbledon Green and Lakeway Castle Hills.
The list of REITs tracked by J Turner includes all private,
publicly listed and public non-listed REITs provided by NAREIT. The
national average ORA score is 62.62 while BSR earned a score of
82.08. In 2020 BSR placed fourth, and in 2021 BSR moved into the
second position. This increase was driven by the REIT's vertically
integrated management platform which fosters communication and
efficiency when addressing resident concerns.
"Our residents are the ultimate judge of BSR's property
operations and our ORA score from J Turner is the most accurate and
transparent metric to measure their sentiment," said BSR's
President and Chief Executive Officer, Dan
Oberste. "The credit for this performance goes to the BSR
team members who diligently listen to our residents and respond
with urgency to their needs."
About BSR Real Estate Investment Trust
BSR Real Estate Investment Trust is an internally managed,
unincorporated, and open-ended real estate investment trust
established pursuant to a declaration of trust under the laws of
the Province of Ontario. The REIT
owns a portfolio of multifamily garden-style residential properties
located in attractive primary and secondary markets in the Sunbelt
region of the United States.
SOURCE BSR Real Estate Investment Trust