Manager sees stability returning to real estate

09/2/2008 | Morningstar

Fidelity Investments real estate manager Steven Buller says in a Morningstar interview that he believes markets are starting to stabilize. Valuations are "trading at a 12% to 15% discount to net asset value. On that basis, things are looking relatively attractive," he said. Buller does, however, warn about higher volatility in real estate stocks.

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