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sheet, XX simplify As part strategy the balance announced on and to majority our Highwoods our of our of sale April to of realign we portfolio the Properties. our business office
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in last vacating more While took place trends space to pandemic continue the last lower seeking accelerated XX This the in living the at consumers XX with a months, across urban country, cores, suburbs. the continued Sunbelt higher-density cost the migration in suburbs. the -- the migration the trend
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our to Our seen on have over transformation set up us the solid accelerated has last us allowed These the energy you've execute -- strategic focus for and growth. portfolio over performance long-term the changes us past year.
me to turn our quarter. Let now multifamily results this
high XX.X%, Our remains XXXX. up occupancy at first of quarter XX the level over very points basis
will in and the exceeded guidance our described a growth quarter first internal negative These John us. Our was for more the by shown pre-COVID very our quarter we in results as moment. full have NOI XXXX NOI of raised was was same-store in hence, quarter, and our X.X% budgets at year-over-year detail for supplemental for as year same-store modestly a strong be
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us We continue uncover future work loan of estate to that add real attractive to pipeline also our allow acquisitions. investments to to
of XXX,XXX leasing portfolio, leases we our XX,XXX quarter, promising. line grocery-anchored the by in encouraged feet and the feet are is new over square square of We In trend momentum our executed renewals. and
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market assets. demand characteristics deep past of our and XX% Sunbelt story now with operational look collecting while take By defensive to important we occupancy, the complements to and increasing the believe quarters this of taken from type, to now. future steps our are being opportunity Let ability our efforts value multi-use as markets. grocery-anchored strategic We similar Story rents up how well in have that our for working drivers, knowledge grow the the solid advantage us take those the pandemic, solid and year, have as emerge rents our over our multifamily is current advantage and of while of performance this And of me alongside the portfolio, opportunities off we pandemic, an of similarly should increases demonstrated very combined to our in set partners, foot to several such both. retail retail our we we by having presented average we pandemic rent multifamily the combined and compares presence we the the many the are strategy by at this us our new push migration year to as with sales are X grocery-anchored traffic the favorably product and collections rents XX% grocery grocery-anchored retail on portfolio, note on We that by last shared very percentage of allow of our leases recognize in a other to the retail with renewals peers. ahead. This, and to our portfolio the across is the suburbs work our performance, positive positioned across and base. multifamily believe part streamline themselves, of which resurgence present
it over initiatives we strategic building as the in the next a I for here years. we taken months talented beyond women company at XX recent month the turn more in our celebrated our men recognize our the years root want April. to create important And excited of over am have extremely XX-year with I the and time. are milestone an even and before anniversary instrumental the We past of John, XX Now XX and of proud over past IPO for who to PAC. been value take accomplishments, over to have moment our take I fully the stockholders
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