There is price compression across the boards right now with prices going up for everything from acquisition (the price a company pays) to materials and labor.  

Because these two types of investments are heavily regulated and structured returns tend to be more compressed than in a typically syndicator LP.  

Bottom of the cycle you could buy and let some rent growth, occupancy increases, and cap rate compression do it's thing.

I would say that the way cap rates have compressed over the last few years that multifamily housing is going to be between 4 and 6% so anything over that is great.

What's even crazier is that there is a good chance cap rates will continue to compress in 2018.

However the trend was of compression and it is still occurring due to limited supply and the strong demographic fundamentals in many parts of the US.

Side note, my team just launched expansion into Kansas City because Cap rates in Tucson have been drastically compressed recently.

Many say cap rates can't compress any more and will go up thus decreasing the value of your property which could inhibit your ability to refi even if you do increase the NOI.

My thought process was that they may be looking for more equity share deals than straight loan deals.. and with the competition in HML on the west coast you have price or rate compression I closed a HML loan a few months ago with a SF firm for 1 and 8...

It really just depends on your particular situation.Otherwise, right now there seems to be some normal market compression going in in sectors where for a little bit anyway good TICs, DSTs and NNNs can be found that are very competitive.