Interstate CRE Investment on The Rise

Capital Movement Between States On the Rise

• Increased out-of-state buyer activity

• Secondary and tertiary markets claiming larger share of total CRE sales volume

Advantages of Out-of-State Investing

• Geographic diversification may mitigate risk

• Wider range of assets and yields available

• Unique market forces may create opportunities

Considerations for CRE Investors

• Influx of out-of-state capital has contributed to yield compressions across market types

• Out-of-state buyers may have different decision drivers and objectives, could pay premium

• Marcus & Millichap provides:

－Buyers with access to nationwide inventory

－Sellers with a national pool of buyers