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Specifically that the secondary market (cities with 25 million to 200 million of rentable areas) were being mispriced.This was out of a belief that primary and super primary markets (big cities) have higher and more stable occupancy rates over economic cycles. This is why it was thought that they maintain stronger pricing power during economic downturns.Source: STAG investor presentationHowever, during the last recession (far more severe than most) this didn't prove to be the case. In fact, occupancy rates for secondary markets held up better than primary markets, and rental rates fell less severely.Management believes this is because in smaller cities there is less competitive industrial real estate.

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iPhone x case The raids, conducted just before midnight, come on the heels of a massive bust on Monday morning that led to the arrests of eight Lakewood residents four married couples who allegedly bilked the government out of $1.3 million in illegal benefits.Arrested on Tuesday night were Yitzchok, 33, and Sora, 39, Kanarek of Brisk Lane; Chaim, 40, and Liatt, 39, Ehrman, of Twin Oaks Drive; and William, 45, and Faigy, 40, Friedman, of Leigh Drive, according to a joint statement from Ocean County Prosecutor Joseph Coronato and State Comptroller Philip James Degnan.All six defendants were charged with theft by deception, a second degree offense, and are scheduled to appear in Superior Court in Ocean County Wednesday afternoon.The statement said the latest residents arrested in the raids are accused of obtaining a combined $674,537 in illegal benefits from programs such as Medicaid, SNAP food assistance, HUD and Social Security, bringing the two day total of alleged illegally obtained benefits to nearly $2 million."The nature of the criminal events investigated and basic charges allege that the defendants misrepresented their income, declaring amounts that were low enough to receive the program's benefits, when in fact their income was too high to qualify," the statement said. "The investigations revealed that the defendants' received income from numerous sources that they failed to disclose on required program applications. As a result, they received benefits that they were not entitled to under these programs for themselves or family members."Yitzchok Kanarek is the former rabbi of a special needs school that closed in 2015 due to a $295,000 tax lien, according to a report from the Asbury Park Press.The Press said Faigy Friedman is the registered agent of Pay Per Payroll Services, LLC, a company that does payroll for small businesses iPhone x case..
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