ALREADY GONE: I take this as a sign that the ongoing problems in the commercial real estate sector are by now extremely well-understood by investors. Portfolio managers surveyed by Bank of America are as underweight real estate as they’ve ever been.
And yet at the same time, real estate stocks have lately begun to outperform.
Money managers wake up to CRE woes. But too late?
By Thomas K. Brown,
ALREADY GONE: I take this as a sign that the ongoing problems in the commercial real estate sector are by now extremely well-understood by investors. Portfolio managers surveyed by Bank of America are as underweight real estate as they’ve ever been.
And yet at the same time, real estate stocks have lately begun to outperform.
It’s funny how that works, no?