Distressed asset funds have been frustrated by the lack of deals that have come to market so far, says Bob O'Brien, vice chairman and U.S. real estate leader for Deloitte. That should change in the medium term, he says. "We are seeing more activity in terms of investors reaching out to us for due diligence services," he says. "Also, I think investors are getting more visibility with the recovery -- job losses are starting to slow and consumer spending appears to have bottomed out."
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