Andy McCulloch, Managing Director of Real Estate Analytics at Green Street Advisors, discusses commercial real estate property values and the status of the current cycle. Prices today are 20% above the previous 2007 peak. Green Street believes that valuations are in the ninth inning. Bullish signals from the REIT and bond markets took 180 degree turns earlier this year, leading to some weak signals for the future direction of real estate property values. Andy McCulloch shares that healthy operating fundamentals as well as strong demand for United States real estate could extendly this cycle into extra innings.