Although BlackRock clearly misjudged where commercial real estate was headed in recent years, the sector still holds promise and the company intends revisit it, Chairman and CEO Laurence Fink said. The company "probably had an overzealous view of where real estate was going to go," but that came after many decades of success, he said. Fink said investors want to put money into commercial property "because they think values are now appealing."

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