If they increase NOI and land a regional to national tenant then the value of the center can cap rate compress because now you have a good location and and strong tenant mix with known brands.

They might quickly compress if we get out of the pandemic quickly. 

However, with her month to month status I feel compelled to compress relief to 3 months or when the quarantine / shelter in place lifts, whichever is sooner.   

In markets with really good appreciation, cap rates will be compressed along with CoC ROI.

I think it's unlikely that cap rates stay that compressed for that long.

A growing income stream is more valuable than a static or shrinking income stream, which means that cap rates compress.

Of course, if the more compressed cap rates in South Florida do not bother you, you can just focus on those markets.

With such compressed cap rates here BRRRR is almost impossible (you could pull out some of your initial investments), unless you can find a decent value add property. 

With CAP rates on large multifamily compressing and value add multifamily syndication deals reaching a feverish rate over the last few years, I believe there is a bubble about to burst.

How much credence do you give to successful exits between 2017 and 2020 pre-Covid (proper implementation of business plan vs  overall cap rate compression)?