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For Real Estate Funds, the Question is: How Ugly Will it Get?

Blackstone's Schwarzman, JER Investors Trust's Robert Not Optimistic in Short-Term
CoStar News
November 19, 2008 | 3:30 P.M.

Two veterans - and giants - of commercial real estate investing are telling their investors that economic conditions are going to get a lot uglier before they get better.

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