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Sovereign Wealth Funds are Turning to U.S. Real Estate for Yield: Sternlicht (CNBC)

Thursday, January 8th, 2015

“Real estate looks super attractive… to sovereign wealth funds screaming for yield… Everyone of these buildings is a bond.  I can buy Treasuries which we keep printing, or I can own a real asset which might benefit some day if there is inflation…  They are not going to Cleveland, they are going to cities [like New York or Los Angeles]”

Watch the interview here ( 1/8/15)