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Bargain-hunters eye real estate: Barclays
October 2, 2009 by admin · Leave a Comment
NEW YORK (Reuters) – More investors are likely to move capital into real estate over the next couple of years to scoop up bargains even as the distress that has long plagued residential real estate broadens and takes hold in the commercial sector, a top restructuring expert said.
“A lot of the investors I’m hearing about are now thinking of shifting their focus to real estate, because that’s where they see the opportunities,” said Mark Shapiro, head of global restructuring and finance at Barclays Plc’s (BARC.L: Quote, Profile, Research, Stock Buzz) Barclays Capital, speaking at the Reuters Restructuring Summit in New York. “That’s probably where you’re going to see capital shifting.”
Asked where in the sector these opportunities would arise, he said, “The whole gamut.” read full article here
