Smith: Cap rates continue to fall

06/25/2013 | REIT.com

The combined overall cap rate fell to 6.91% across 34 U.S. markets, according to a PricewaterhouseCoopers survey. That is the 12th consecutive quarter they have fallen. High demand from investors and low interest rates are the drivers but some observers are mystified by their low level, says PwC's Susan Smith.

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