Exit strategies with rising interest rates

[Dan Denton]

I am curious to know how those with multi-family/apartment investing experience factor rising interest rates into their exit strategies. 

Since most commercial financing is short term (compared to residential) a sale or refinance is never far away. A jump in rates over the next couple years might squeeze cash flow for the current owner (by refinancing into a higher rate) or prospective buyer (making the deal less appealing). 

Considering rates can't get much lower, and will only go up, what are some thoughts on ways to approach deals today with the end in mind?

Thank you in advance for any input.