Lower than expected interest rates in 2019 have kept investments activity strong with continued regional and national interest in Billings given the “strong” CAP rates. Quality inventory continues to be scarce, which has worked to keep CAP rates lower. The primary investment activity continues to remain “off-market” and consist of:

  • Multi-family complexes (20-100 units)
  • Mobile home parks
  • Redeveloped multi-tenant retail center
  • Storage unit complexes