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The largest transaction thus far for Fund II is a $40-million first priority mortgage for the redevelopment of the former Highland Park Mill, a 150,000-square-foot mixed-use property in Charlotte, NC.
As the market waits for higher interest rates, the gap between the bid and ask of buyers and sellers has widened, helping to drive down transactions, according to PwC.
It is a great time to be a net lease investor, according to Lanie Beck, director of research at Stan Johnson Co., who just chatted with GlobeSt.com <b>EXCLUSIVELY</b> on the subject.
The spread between 5-year and 10-year Treasuries is about 15 basis points, which has made all-in borrowing costs indistinguishable at different terms, says Cushman & Wakefield's Chris Moyer.