The mean cap rate increased by 20 basis points during the second quarter to 6.6%. The mean cap rate is now on a bit of an upswing after bottoming out at 6.2% during the first quarter of 2013. Although the mean cap rate has fluctuated slightly since that time, an increase of 40 basis points is not insignificant. Moreover, if we look at the 12-month rolling cap rate, this also indicates that cap rates in the market have bottomed out and are trending upward. The 12-month rolling cap rate was virtually unchanged at 6.5%. Does this mean that pricing in the apartment sector is reversing course?
Read more...Q2 2014 Cap Rate Trends - ReisReports
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.