But that 2000 scenario is expected to change for the better this year, Ronald J. Rogg, senior associate/investment properties in the Orlando office of CB Richard Ellis Inc., tells GlobeSt.com.
"The lower cost of capital will continue to have a positive effect on leverage transactions and lower interest rates should result in lower capitalization rates," Rogg says. Debt capital sources are abundant, "but are not willing to do high loan-to-value deals," he says.
For most of 2000, pension fund advisors and life insurance companies were on the sidelines because their office portfolios were over-allocated, either by asset type or geography.
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