The Elusive Cap Rate
Peter F. Korpacz, MAI, CRE, FRICS President, Korpacz Realty Advisors Finding the elusive cap rate in today’s transaction market is the biggest challenge commercial appraisers face. And, it is not simply a U.S. problem, it permeates the entire global appraisal profession.The solution to the challenge is rooted in traditional appraisal methodologies and is, in fact, right under our collective noses. Active/potential sellers and buyers have always been the source of cap rates and this reality has not changed. If anyone truly knows cap rates, it is those who are actively seeking to dispose or invest in commercial real estate assets….
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