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The withdrawal of traditional lenders from the market has coincided with a steep escalation of construction costs.
The pandemic altered living space needs in a way that significantly reduces the relevance of the supply currently hitting the market.
Vacancy is up, values are going down, but long-term demographics are great.
Wishful thinking yields to sober reality as the new normal in CRE, said panelists at the recent GlobeSt. Spring Net Lease conference.
Net lease cap rates increased for the eighth consecutive quarter in Q1 said panelists at the GlobeSt. Spring Net Lease Conference.
Over the past four years, it has grown to be one of the most uplifting, educational and ROI yielding events in the market.
The Industry's most influential owners take the stage.
"We've expanded the loan limit and removed the dollar cap on LIHTC loans."
For Q4 the rate was up 26 basis points from Q3 but down 8 basis points from one year ago.
He also believes the Fed will succeed in further reducing inflation.