Many big CRE players have been eyeing opportunities, as the economy slows and more properties come to maturity without a good option for refinancing.
Morgan Stanley has joined them.
"We find this opportunity honestly among the best we've ever seen," said Lauren Hochfelder, Morgan Stanley Real Estate Investing Co-CEO, in an interview with Bloomberg TV. "We're seeing deep distress in the toughest real estate assets, but really what's more interesting is dislocation across the board. So, to see how different real estate assets are going to behave, you really have to start with what real estate is, which is a function of how people use space."
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