NEW YORK CITY-Some of the prominent real property investors are now moving to core funds that feature well-leased properties, low leverage and stable returns. This new drift has divided the real estate market.
In order to focus on less-risk property deals, Goldman Sachs Group Inc. is introducing a new business to raise money from investors and pension funds to buy properties with lower debt levels and sound tenant rosters. This year, core property funds have drawn $7.2 billion in capital. For the full story, go to Wall Street Journal.
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