Cap Rates Compress Further In Tier II Cities
CBRE just came out with their Cap Rate Review for the first half of 2019. The numbers show that cap rates are continuing to compress across most multifamily markets in Tier II cities. The cap rate is the Net Operating Income (Rental and Other Revenue minus Expenses, but not including debt service) divided by the purchase price. As multifamily assets get more expensive, multifamily investors are getting more wary. However, this data doesn't tell the entire story. Investors who
