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U.K. banks may transfer commercial property loans into REITs

Posted on 16 July 2009

From Bloomberg: U.K. banks may transfer commercial property loans into real estate investment trusts to purge their balance sheets of debt and avoid future writedowns.

Banks are considering using REITs as publicly traded “exit vehicles” that could limit the losses they and their borrowers face, said Ian Marcus, head of real estate at Credit Suisse Group AG……..Full Article: Source
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