Hi *|FIRSTNAME|*,

A word from Brian Conlon:

Just over a month ago, my father and Meridian’s Co-Founder and Principal, Kevin Conlon, passed away after a long battle with cancer. 
 
Kevin was a man of integrity and excellence, and many of you have expressed interest in honoring him with a gift. Prior to his passing, Kevin established a foundation aimed at educating young women and men about personal responsibility and financial independence. I invite you to learn about his foundation at www.personallifeskills.org and make a donation if you feel inclined. 
 
We also invite you to use the link below to register for the virtual memorial service we have planned to remember and celebrate Kevin. 


 
***IMPORTANT INSTRUCTIONS***
 
You must register in advance for the memorial service: TO REGISTER, CLICK HERE 
 
Next you will receive a Zoom link via email that you’ll use on July 14 to join the virtual event.
 
If you can’t make it live (or would like to watch it again), a link to the recording will be automatically sent to you afterwards.
 
We look forward to having you with us to celebrate Kevin’s incredible life!
 
With Love,
 
The Conlon Family
 

Demand for Single-Family Rental Homes Remains Strong
 
At Meridian we do our best to stay on top of changing market conditions. Our business development, property management, and leasing teams meet regularly to analyze the Memphis housing market and assess each property we manage in advance of lease end. We consider each home’s location, size, and condition in relation to other single-family rentals in the area before determining a fair market rent and renewal target. As a result of our collaborative, data-driven efforts, we’ve secured sizable increases on both renewals and new leases for the majority of our investors – and we’ve done this while maintaining an average tenancy of about 40 months (and climbing) and a collections rate of 99+%.
 
Recently, Wells Fargo reported that consumer confidence has dipped to a 16-month low. The analysts stated that, “consumers may be looking at their finances, elevated gas prices and deteriorating labor market prospects and growing more concerned following the news about inflation.” While inflation has caused trepidation and behavior changes among would-be renters, rest assured that demand for our single-family built-for-rent homes in the Memphis MSA remains as strong as ever. In fact, we expect to see high single-digit increases on renewals and low double-digit increases on new leases for the remainder of 2022.