Real Estate Investment Survey | Lowery Property Advisors

Q4 2024

This survey is intended to provide information regarding investment decision criteria for various property types in the United States. Please answer all questions. Thank you for your participation.

First Name

Last Name

Title

Company

Address

City, State

Zip

Telephone

In which region or state is your data sourced?

1. What annual change in revenue or expense factors are you forecasting in cash flow forecasts?

Income

Expenses

2. If property reasonably priced for sale:

How many months elapse between time property listed and going under contract?

Typical number of months from time of contract to closing.

3. If you implement a discounted cash flow, what holding period do you typically project?

3 years
5 years
7 years
10 years
15 years
N/A

4. On a % basis, what % of contract price are closing costs (including broker’s commissions, title work, legal, etc.)?  *All fields are not required. Respond as applicable.

Sales Price	Vacant Land	Improved Commercial Properties
Up to $1.0 Million	%	%
$1.0M to $2.499 Million	%	%
$2.5M to $4.99 Million	%	%
$5.0M to $9.99 Million	%	%
$10.0M and over	%	%

5. For the following property types, what capitalization rates do you use to convert net income into value estimates? What terminal capitalization rates do you use for estimating future sale prices in discounted cash flow analyses? What discount or yield rates are used to convert future income streams into present value?  *All fields are not required. Respond as applicable.

Assisted Living	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Nursing Homes	%	%	%
Retirement Communities	%	%	%

Automobile Related	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Auto Service	%	%	%
Automobile Dealerships	%	%	%

	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Convenience Stores	%	%	%
Hotel/Motel	%	%	%
Industrial	%	%	%
Multifamily/Apartments	%	%	%

Office	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
CBD/Class A Office	%	%	%
Medical Office	%	%	%
Suburban/Low Rise Office	%	%	%

Retail	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Free Standing Retail	%	%	%
Neighborhood/Community Retail	%	%	%

Restaurants	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Fast Food Restaurants	%	%	%
Sit Down/Family Restaurants	%	%	%

	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Self-Storage	%	%	%

Subdivisions	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Commercial Land	%	%	%
Finished Lots	%	%	%

Special Use	Stabilized Cap. Rate	Reversionary/Terminal Cap. Rate	Discount/Yield Rate
Daycare Centers	%	%	%
Mobile Homes/RV Parks	%	%	%
Schools	%	%	%