This year's focus is on challenged private real estate firms that will go to the public markets looking for more cash. Industry observers expect a flurry of IPOs this year similar to what took place after the market crashed in the early 1990s, the Journal says.
Bank of America lends more money to REITs than any other bank, acting as a lead lender on $43 billion of facilities to 53 REITs, the Journal. The firm's expertise in the space was bolstered last year with the acquisition of Merrill Lynch and its employees. Click here for the full Journal article.
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