The new coronavirus has stalled the growth of commercial real estate in North America in the first half of 2020, according to a report by Preqin.
According to the report, private real estate equity fundraising reached a peak in 2019 with approximately $83 billion in 2019. The report shows that number was on track to match in 2020, however by June only $23 billion has been raised in the sector.
The report also shows that deal-making has been on the decline compared to 2019. There were 3,639 deals made in 2019. However, there have only been 968 deals made in the first half of 2020.
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Dan Clark
Dan covers cyber security, legal operations and intellectual property for Corporate Counsel. Follow him on Twitter @Danclarkalm.
