Cap rates on net lease assetsamong the country’s regions are now seeing a spread of almost 2 percent, with the West bottoming out and rates highest in the Midwest. That difference does drive some investors in more competitive markets to look elsewhere for opportunities with higher yields, but some observers say that effect can often be overstated. Regions’ cap rates are driven mainly by the major cities they contain, which lower overall rates for the West and Northeast. ...
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