The Conservative Cave
Current Events => Economics => Topic started by: The Village Idiot on April 13, 2010, 06:15:03 PM
-
http://online.wsj.com/article/SB10001424052702303695604575182022093645864.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop
Morgan Stanley has told investors in its $8.8 billion real-estate fund that it may lose nearly two-thirds of its money from bum property investments, according to fund documents reviewed by The Wall Street Journal.
That would likely make it the biggest dollar loss—$5.4 billion—in the history of private-equity real-estate investing.
excerpt
-
http://online.wsj.com/article/SB10001424052702303695604575182022093645864.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsTop
Morgan Stanley has told investors in its $8.8 billion real-estate fund that it may lose nearly two-thirds of its money from bum property investments, according to fund documents reviewed by The Wall Street Journal.
That would likely make it the biggest dollar loss—$5.4 billion—in the history of private-equity real-estate investing.
excerpt
I have been reading about the coming meltdown in commercial real estate for about a year now. Could the effects of this create the W dip? It very well could.
In the early eighties ( very early ) I had a friend who gave all his 'investment' money to a broker who promised amazing returns in the commercial development market in Arizona of strip malls. As I recall my friend was Amazed at his returns ( or lack there of). To this day I think he still shudders at the mention of the word REIT.
-
I bet! They were "sure things" at the time, huh?