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US: Money pours in as investors search for property bargains

Opportunistic buyers begin spending $22bn raised so far this year
A $70m deal for the Hutton Hotel in Nashville, Tennessee, was the largest distressed sale in June, according to CoStar data. (CoStar)
A $70m deal for the Hutton Hotel in Nashville, Tennessee, was the largest distressed sale in June, according to CoStar data. (CoStar)

Money being accumulated for distressed property purchases led real estate fundraising in the first half of the year as investors looked to take advantage of falling property values due to the impact of the coronavirus and efforts to contain its spread.

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