Where do you see cap rates going over the next 24 months?

[Gino Barbaro]

Where do you see cap rates headed in your market over the next 24 months?

We just purchased a B asset at an actual 8 cap in our market.  Unfortunately, it feels as if this is the last hoorah and cap rates are only going to go down from here.

What's going on in your market?

Gino