Favorable variance of $$49,536$ due to increasing rent at lease renewal by $7\%$ and maintaining above $98\%$ occupancy rate versus the $96\mathrm{.}23\%$ budgeted. GPR is favorable at $$6,274,$ vacancy loss at $$30,255,$ and bad debt allowance at $$14,989$ due to lower move$-$outs than projected and lower balance on delinquency accounts for over $90$ days.