Cap Rate: Please Explain!
9/30/2011 8:31:31 PM
This month’s Research Corner looks at cap rates. Cap rates are well known, but hard to describe. Within the real estate community definitions vary based on the data available. This month we take a closer look at the various NCREIF definitions and compare those to a few other well-known firms’ definitions. The second half of the paper looks at some examples of the NCREIF data and how it compares.