For a core deal, I would assume it would be lower, but again, I don't know what they are doing to drive those returns.Relying on markedly lower loan rates is no guaranteeRelying on more core buyers is only likely to happen when pricing (as measured by cap rate) is higher than prevailing interest rates.Unknowns:What is business plan to generate those returns? 

But you would be surprised folks either don't believe we do this or they just don't have the drive to go find the deals etc.  

To address parking, one tenant blocking in another in the drive and the late night calls it produces has led me to this policy.   

We have a deep background in heavier value-add projects and we like to take a long term view on our investments.

Whether it be in the Northeast, South, wherever...I'm looking particularly for the difference in market rent for a drive thru vs non drive thru location.

Did you keep that money in the multifamily or were you able to pull it out after driving up the value of the properties?

Not sure if thats driving it.

That will drive prices up. 

. - if you need two stairwells and an elevator, that will of course drive costs way up and it also eats into your floor plate area and can crush layouts on a smaller building, possibly turning your small CMX2.5 lot you'd planned to build 5 stories on into what may as well be a CMX2 lot and allow only 3 stories, since you can't actually fit 2 stairwells, an elevator, a hallway all the way through from front to rear, a small lobby, a mail room, etc.

At some point, you have to get behind the wheel and drive in order to learn.