Marcus & Millichap: Investor Update
Rates are going up, spreads are widening out: this is where it’s going to get interesting. Marcus & Millichap financing expert Christopher Marks is seeing banks and insurance companies stepping up and taking business from conduits. As such, lower cap rate deals are suffering in favor of higher yields in the net-lease space. Seeing rates increase without rising cap rates logically leads to diminishing returns for the investor. Chris understands that investors are looking at properties for a pure return. Chris’ team focuses primarily on clients who own one to 10 properties in the $2 million to $15 million range. Additionally, as a member of Institutional Property Advisors, Chris specializes on larger institutional deals. 70% of Chris’ business is national retail, and his team leads in financing retail deals from restaurants and discount to pharmacies and big-box giants. For more information on our Bisnow partner, click here.
