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With the expansion of the real estate market growing by leaps and bounds over the last seven years. We find our market place at cross road between irrational exuberance and conservative execution.
Local and national investors and developers are leading the next wave in the build up of the next American frontier moving into the Midwest and Southeast regions. These strategic moves are allowing investors to move into these states where value is still plenty.
As the real estate market bubble continues to be regional, investors are moving their A game to these states where there seeing double digit cap rates. We seen a strong migration this spring and summer to a more inland approach.
One of the key areas that we are seeing a strong up swing that will continue for many years to come is Detroit, Michigan and surrounding areas where developers are building the next wave of mix use developments. Markets like Chicago, Oklahoma, Indiana, Tennessee, Mississippi, New Orleans, North and South Carolina has been experience strong growth for quite sometime.
As the market continues its course we see nothing but strong demand for these value added states.
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