Learn how the terminal capitalization rate estimates property resale value at the end of the holding period, with examples and insights for real estate investors.

Understand the influence of interest rates on property values, and how they affect mortgage costs and investment capital to ...

Conventional wisdom has long said: where interest rates go, cap rates soon follow. In other words, when the cost of capital is high, so too is the ratio of a property’s net operating income to its ...

Three years ago—when the Fed began raising interest rates to help stem high inflation—a valuation gap emerged between public and private real estate as evidenced by the implied cap rate from Nareit’s ...

Cap rates are not universal. While often presented like math, in practice cap rates reflect institutions. Regulatory alpha, on the other hand, is what you get when the rulebook is clear and ...

For three years, a stubborn gap has persisted between appraisal cap rates for private real estate and the implied cap rate for REITs calculated off the FTSE Nareit All Equity Index. (As of the third ...

Commercial real estate (CRE) in 2026 is shaping up to be a year of recalibration. After years of volatility across ...