With 2009 well underway, we see continued challenges in the capital markets. Though general sales volume across the country is considerably lower than the same period one year and two years ago, properties that offer solid real estate fundamentals are still attracting significant interest from real estate investors. We are finding that properties with central locations, low lease roll, and a history of good cash flow have the best chance at transacting. Additionally, properties with assumable debt have particular interest because the debt can be accretive, providing higher leverage and better terms than possible in today’s market. Despite the perception…

 As we rapidly approach the end of January and seek to find some form of clarity on valuations moving forward, we continue to be faced with tight credit markets and deteriorating property fundamentals. While we are encouraged by the strong level of investor interest in a number of our property offerings and the fact that two of our deals have gone “hard” over the last two weeks, as well as the amount of equity on the sidelines, risk aversion continues to be the primary focus of many investors. Assets with any significant level of risk suffer from investors requiring disproportionately…