What is “Loss to Lease Reduction - Unit turns"?
There are bunch of terms in a 120 month cash flow spread sheet I'm not understanding. I know now loss to lease is the difference between market or desired rent and the current actual rent. However that doesn't tell me exactly what these other terms mean; only that they are probably related to calculation of loss to lease.

Here is a list of terms I'm not quite understanding that are all are in adjacent cells, from top to bottom, with values for different months arrayed out horizontally for each term:

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\-"Loss to Lease Reduction-Existing Increases"

\-“Loss to Lease Reduction - Unit turns"

\-"Units Turned"

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Further down in the spread sheet there are  more related terms I"m not familiar with that are related:

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\-"Unit Turns - Increase in rents / unit"

\-"Unit turns - Loss to Lease Reduction"

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\-"Existing Increases (turned)"

\-"Existing Increases (turned)" - Increase in Rents/Unit

\-"Existing Increases (turned) - Loss to Lease Reduction"

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\-"Existing Increases (unturned)"

\-"Existing Increases (unturned)" - increase in rents / unit"

\-Existing Increases (unturned) - Loss to Lease Reduction"

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Any and all help massively appreciated!
[{"id": "edu5fkp", "text": "Remind me! 6 hours", "replies": [], "depth": 1}, {"id": "eduqwu0", "text": "I am guessing this is an apartment building. \n\nUnit turned is the unit turnover, or the number of units that will have new tenants in a given time period\n\nUnits turns increases would be the difference in rent between the last tenant and the new tenant (funny how it assumes it will always be positive. \n\nUnits turned, lose to lease reduction, think this is just factoring in downtime between tenants. \n\nExisting increases turned, this is the rate new tenants are brought in at over what the previous tenant was.  \n\nIncreases in rent / unit, this is the same thing, but expressed as a $ instead of a %. \n\nExisting increases loss to lease reduction, assuming this is free rent or something given to new tenants as a sign on bonus or other concessions.  \n\nExisting increases unturned, this would be renewal increases. \nIncreases in rents/ Unit, same thing but $ instead of %\nLoss to lease reduction, maybe this is concessions on renewed tenants. \n\nI dunno, good luck pal. ", "replies": [], "depth": 1}, {"id": "eenxmau", "text": "\u201cLoss to lease\u201d is the difference between current rents and market rents. If market rent is 1000, and you\u2019re only charging 900, you have a 10% loss to lease. ", "replies": [], "depth": 1}]