Another Home Run in Arizona. And I’m not talking about the D’Backs!

I spent the last couple of days braving the desert sun in Arizona looking at apartment buildings for sale. As it turns out, having assets in that market I tend to find myself in the Phoenix area about every other month now and even before my Circle started investing there I spent the past three years going out there about …

Know Thy Cap Rate: The Illusive Obvious

For some reason cap rates seem to be the most misunderstood term (ratio actually) in all of real estate. I often get asked by new investors what a cap rate is and what does it mean. I never get asked the same question by commercial and multifamily brokers but often find out (in a roundabout sort of way) that many …