Curious if anyone holds assets that have longer term fixed leases (i.e. credit office tenants/grocery anchors/etc.) that term out at the same time the underlying debt on the assets do and what your thoughts are on refinancing risk down the road. I know this is a question of inflation effect on interest rates effect on cap rates, but curious if others are getting concerned about exiting via refinance.
We have several holdings that are anchored by longer term fixed leases with credit tenants and were valued at cap rates at its lowest point. Unfortunately we levered 75-80%.