Tuesday 21 March 2017

BlackRock Likes Real Estate Even After Yellen Calls Prices ‘High’

Ed. Note: This article first appeared in Bloomberg Federal Reserve officials say United States commercial real estate is expensive. That is not stopping the world’s biggest money manager from saying it’s time to buy. BlackRock says property can deliver average yields of 3.5 percent, compared with 3.4 percent for U.S. investment-grade bonds and the S&P

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