| From Mondaq.com: Given the credit crisis in the American economy, with paralysis in U.S. capital markets preventing domestic buyers from financing commercial real estate purchases in the ordinary course, American real estate sellers increasingly view sovereign wealth funds (SWFs) without a need to borrow as potential buyers.
These SWFs—entities established or controlled by a sovereign government and funded with foreign currency that is normally invested in overseas assets for the long-term—are flush with cash, mostly from the now-ended (or at least interrupted) era of high oil prices that resulted in an accumulation of wealth..........Full Article: Source
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