Yield-on-Cost (YoC) vs Market Cap Rates: The “value add” of development
“I’d rather build to a 7% and sell at a 5% than buy a straight 5%...” said every developer ever. What does this all mean?
Cap Rates: T12 vs. In-place vs Year 1
What’s all of the confusion around cap rates, you ask? Isn’t a cap rate just NOI divided by value? It should be easy, right? It is.