Sovereign wealth may turn to real estate

07/28/2008 | Real Estate Portfolio

Sovereign-wealth funds, which have made a series of high-profile cash infusions into troubled U.S. banks in recent months, may next target real estate. "They could be a real partner in the growth and development of commercial real estate," said Guy Langford, an accounting principal in Deloitte LLP's mergers-and-acquisitions services practice. The funds have an estimated $875 billion in assets.

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