I've been looking at properties in the 50-90 unit range there and have seen some close to the university and hospitals.In your submarket research, what historical or current cap rate did you find?

Aaron McCarty if you look at the formulas/metrics in isolation then the numbers don’t mean much.The formulas/numbers is all relative, especially as everyone/business has different goals and risk tolerance.Compare the results to the alternative, example: compare the historical stock market return on blue chips to an A class area.

To over simplify, historically  any coastal states will have a greater appreciation in value then in land states, however middle states have a greater possibility of cash flow, in part due to their lower entry price. 

The entry price is high in both but that is because of outstanding historical appreciation. 

Our property is a mix-use - one of the older historic properties near central St.

Mortgage Defaults are around historical norms.

I joined the site back in February and have been on a swift ramp up educating myself on all things RE, reading a number of BP books (and their recommendations) and rolling through the first 80 BP podcasts to date.I'm a full time tech executive in the bay area, CA looking into OOS opportunities to build a RE portfolio (British expat permanently moved to the US in 2014).

However, inventory remains in incredibly tight, with only 1.5 months of inventory in Austin and 2.2 months in the greater Austin area (a balanced market is 6.5 months).Steve Crorey, 2018 president of the Austin Board of REALTORS®, said, "Historically, it’s common for some homes to be on the market for 50 days or more, even in markets with strong housing demand. 

So, lots of money (and Fremont has a lot) plus serious lack of new construction SFR plus still historically low interest rates mean something like this is a great deal for a developer, and actually not that risky a bet. 

Not in new bruns, but i have looked at deals on the east coast for a few weeks and found the historic growth to be almost completely anemic.