Private real estate fund managers don’t know what to do with all the cash they’re sitting on. This month, the total amount of dry powder in closed-end private property funds reached a record $333 billion, according to Preqin. Typically, closed-end funds pledge to spend investor money within three to four years, but managers have been struggling to find attractive investments, the Wall Street Journal reported. As of June, closed-end real estate funds launched in 2013 […]
source https://therealdeal.com/2019/03/26/mo-money-mo-problems-real-estate-funds-dont-know-what-to-do-with-their-cash/
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