#Real Estate#REITs#Capital Markets
The Infrastructure Yield Disconnect: How Variable SOFR Term Curves and Non-Bank Debt Floor Covenants Re-Anchor Data Center REIT Cap Rate Spreads
As the Federal Reserve recalibrates monetary policy, data center REIT yield spreads face an unprecedented decoupling between long-term SOFR swap futures and non-bank debt floor covenants. We analyze the underlying capital stack dynamics driving cap rate adjustments across primary hyperscale markets.
2026-09-267 min read
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