In today’s low interest rate environment, investors are working overtime in their search for yield. In the real estate arena, property investors are searching beyond gateway and primary markets — where stiff competition has compressed cap rates to record lows for some property types — and exploring opportunities off the beaten track in overlooked secondary and tertiary markets.
One such opportunity is California’s Central Valley, where investors can tap into the region’s growth story and still find markets and properties that offer significantly higher risk-adjusted returns, according to a report by Institutional Real Estate, Inc. titled California’s Central Valley: Land of affordability, growth and opportunity.
The Central Valley is California’s fastest-growing and most-affordable region. The area’s economy is fueled by three large, recession-resistant economic sectors: government (including the nation’s second-largest government ce
