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Great Minds
Real Estate Weekly, August 16, 2000
The good news these days for the high-risk, high-yield "opportunity funds" that snapped up commercial real estate in the mid-1990s is that values have risen sharply since then. The bad news is that most of the funds are trying to take advantage of the hikes at the same time.
Twelve of the largest funds put $4.7 billion worth of property up for sale in the first half of this year, 63% more than the $2.9 billion they put on the block all last year...
THE WALL STREET JOURNAL
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