GS Asset Management re-enters US commercial real estate, citing buying opportunities
Goldman Sachs is dipping a toe back into commercial real estate. GS Asset Management will restart "actively investing" in US commercial property this year. GSAM says the market is bottoming. GSAM see buying opportunities: "The reason is a combination of interest rates coming down, we feel like the market is bottoming out, and because we're starting to see a floor in prices set by buyers who are in the market" A GSAM executive was speaking with Reuters. has begun to deploy more cash in real estate in Europe and Japan over the past three monthsunderlying strength of the U.S. economy should support a rebound in the U.S. market, but "We don't think its going to be a very sharp V-shaped recovery – we think we're going to bump along the bottom for a while, as a lot of these over-levered situations in the asset class get worked through" This article was written by Eamonn Sheridan at www.forexlive.com.
Goldman Sachs is dipping a toe back into commercial real estate. GS Asset Management will restart "actively investing" in US commercial property this year. GSAM says the market is bottoming.
- GSAM see buying opportunities: "The reason is a combination of interest rates coming down, we feel like the market is bottoming out, and because we're starting to see a floor in prices set by buyers who are in the market"
A GSAM executive was speaking with Reuters.
- has begun to deploy more cash in real estate in Europe and Japan over the past three months
- underlying strength of the U.S. economy should support a rebound in the U.S. market, but "We don't think its going to be a very sharp V-shaped recovery – we think we're going to bump along the bottom for a while, as a lot of these over-levered situations in the asset class get worked through"
