Good afternoon investors! In today’s commercial real estate news – we’ll look at how retail cap rates have stayed largely flat despite rising store closings, the explosive growth in the number of Fintech firms that is bringing increasing regulations, and how college students may be ushering in the future of apartment rentals.
On the national level, cap rates average 6.8 percent—a one basis point increase from the first quarter of 2017.
Many industry observers would agree that there is not a level playing field as it relates to regulation for fintechs and non-bank entities as compared to the banking sector.
LoftSmart makes money by charging property managers a fee, typically from 4 percent to 8 percent, on transactions that close via its website.
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