Interdealer broker Cantor Fitzgerald plans to launch a real estate opportunity fund of as much as $350 million to capitalize on distressed real estate assets. The fund will also focus on other parts of the sector, such as development. Meanwhile, investment bank Keefe Bruyette and Woods is starting to expand its presence in the sector by launching a real estate investment banking division. The group will help real estate companies with their capital needs along with providing advisory services.
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