CHICAGO-The National Council of Real Estate Investment Fiduciaries, an association that tracks more than 6,300 properties across 195 markets in the United States, has released second quarter data that shows the rate of return rose to 3.94%. This was the sixth consecutive quarter of positive return, and is higher than the first quarter rate of 3.4%.

The group has a significant involvement and interest in institutional investments, and keeps data on the properties, which include all commercial asset classes. According to the second quarter report, though the economic news was inconsistent, the disconnect between capital markets and fundamentals has started to fade. While cap rates across almost 200 US markets dropped slightly from 6.10% to 6.06%, same store NOI rose and vacancy rates dropped.

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