Higher Interest Rates + Late Cycle = Lower Cap Rates. Huh? For the 22+ years I’ve been in this business, investors have relied on the relationship between cap rates and interest rates. But perhaps it’s time for us to stop relying on conventional wisdom. The general rule of thumb has been to look at cap […]
The Wall of Equity ‘WACCs’ Cap Rates Perhaps it’s time for us to stop relying on conventional wisdom
