Most of the country’s largest markets have seen their apartment cap rates continue to fall over the past year. Moreover, some of the biggest cap rate plunges have been in areas that have traditionally performed slow and steady. RealPage Analytics’ Charlotte Wheeler takes a look at where cap rates in the nation’s top 50 markets tracked by the company wound up at the end of the first quarter in this recent post

It found that 31 or 62% of the country’s top 50 markets recorded lower cap rates, based on data from Real Capital Analytics. No single area of the country accounts for all of the drops, though four were in the South. The other three regions of the country each had two markets that experienced decline. 

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