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At the end of each year, The Boulder Group surveys to get a sense of what they expect in the year ahead. With COVID-19 throwing the global economy into a tailspin, the firm decided to send out the survey early. 

“The majority of the time, at least in the last ten years, we’ve done different versions of this, and it has always pointed down or the same [for cap rates],” says Randy Blankstein, president of The Boulder Group. “People are generally optimistic by nature.”

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