They will likely have less cash flow than properties with higher cap rates but will have greater appreciation potential. (biggerpockets.com)
Whether it's the search for higher cap rates or for consistent, reliable returns, investors are targeting these secondary markets at unprecedented levels. (nreionline.com)
This demand is driven by a lack of product in larger markets and both institutional and private investors looking for good income - producing properties with comparatively higher cap rates. (avisonyoung.ca)