Trimont Real Estate Advisors' Mitchell Hunter Hunter’s seeing discipline loosening somewhat in sought-after core properties.

DALLAS—The nature of secondary and tertiary markets’ appeal to investors has evolved. For a while there, the rap on properties in smaller markets was that they offered a higher-yield alternative to the core CBD assets everybody was chasing—and bidding up. Now, says Mitchell Hunter at Trimont Real Estate Advisors, yield isn’t the only reason that buyers are looking outside the core.