The long stretch of historically low interest rates may have benefited real estate more than any other sector. Cheap debt has a direct impact on cash flow, which means more capital to grow and more cash to distribute to shareholders.
The flip side is that low interest rates resulted in record-high inflation. The consumer price index unexpectedly hit an 8.6% annual increase in May, after April's 8.3% rise left most investors believing inflation was starting to cool off.
