I saw the following headline “A surge in debt costs threaten to wipe out many apartment building owners across the U.S.” and was wondering what you are seeing. I know this is a problem for several CRE asset classes, but I was surprised that apartments are seeing the same issues.
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I see a steady stream of real estate offerings across my computer desktop each day. It does not appear that the ask or listing prices based upon cap rates have changed at all for income producing properties. Are you seeing where the actual sold prices are softening, meaning cap rates are expanding at all?
