James Real Estate RE Inv Criteria Dnvr 2000 3rd Qtr Page 20
JAMES REAL ESTATE SERVICES, INC.
·
·
·
19
Terminal Capitalization Rates Apartment (%)
1997
1998
1999
2000
1Q 2Q 3Q 4Q
Nat Den Nat Den Nat Den Nat Den Nat Den Nat Den Nat Den
RERC
National
9.2
9.2
9.1
9.2
9.3
West - 1
st
Tier
8.2
9.5
9.5
9.2
West - 2
nd
8.9
9.7
9.8
9.7
West - 3
rd
9.9
10.4
10.6
10.7
C&W
9.3
9.5
KORP
Institut'l
9.3
9.2
9.2
9.2
JF
10.3
10.5
Terminal Capitalization Rates Hotel (%)
1997
1998
1999
2000
1Q 2Q 3Q 4Q
Nat Den Nat Den Nat Den Nat Den Nat Den Nat Den Nat Den
RERC
National
10.3
10.9
11.1
11.4
West - 1
st
Tier
10.1
10.3
10.6
10.2
West - 2
nd
11.1
11.8
11.3
10.9
West - 3
rd
13.4
12.8
12.6
11.6
KORP
10.6
10.2
10.6
10.6
JF
12.0
12.0
Data Sources:
RERC
Real Estate Research Corp
KORP
Korpacz R E Investor Survey C&W
Cushman
&Wakefield
NREI
National Real Estate Index
NREIM
Nat'l R E Investor Magazine
IJF
Integra/Joseph Farber
