Here's a hint or just useless noise: I checked the Stockade website and Stockade is offering a web promotion of $15 off the first month's rent at any of its properties. This is not much of an inducement, which could indicate a stronger occupancy than I am estimating. Specific properties, however, may have have their own specials not listed on the internet, I don't know. I'm sticking with 52% occupancy, for the simple premise that if it was higher Strategic Storage would have
Update: Who took the over? Strategic Storage filed a supplement to its prospectus this morning, and in it stated that:
The average physical occupancy of the 16 properties in the Stockade Portfolio was approximately 70% as of May 31, 2012.As I noted in the original post, I'll take the occupancy as listed.