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Real estate investors go begging

Posted on 30 July 2009

From Reuters: Investors in real estate funds can’t give their stakes away. In another sign of more bad news to come for commercial real estate, NYPPEX Private Markets reports a sharp drop in prices for limited partnership stakes in real estate funds in the unregulated secondary market.
NYPPEX says the average bid for these partnership shares plunged 61% over the past month to a price that represents roughly 22 cents on the dollar………Full Article: Source


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