In the 3Q 2015 cap rate spreads across all CRE property types relative to the 10-year U.S. Treasury yield were 60 basis points above the 10-year average, indicating some room for property valuations to accommodate rising interest rates.
![As of March 31, 2024, what percentage of nontraded REIT industry total assets were held by Blackstone Real Estate Income Trust, and how does that compare to March 31, 2023?](https://bluevaultpartners.b-cdn.net/wp-content/uploads/2023/12/Blue-Vault-alts-data-6-508x270.jpg)
In the 3Q 2015 cap rate spreads across all CRE property types relative to the 10-year U.S. Treasury yield were 60 basis points above the 10-year average, indicating some room for property valuations to accommodate rising interest rates.