NEW YORK CITY-Morgan Stanley is looking at options to scale down its realty investment business. Msref is the bank's family of funds dealing with real estate. The firm could either scale back its capital in these funds or sell them off. Also with the passage of the financial-services legislation, the bank will have to reduce its real estate investment.
The bank's real estate portfolio is worth about $46 billion. A number of private-equity firms are keen on buying these funds. For the full story, go to Wall Street Journal.
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