Despite the credit crisis and faltering economic growth, opportunistic real estate investment managers continue to attract capital, with some 187 funds seeking to raise $155 bn (EUR121 bn) in the third quarter, according to research from US-based real estate fund of funds manager Clerestory Capital Partners. 'Lots of real estate fund managers see potential once-in-a-lifetime investment opportunities coming,' Clerestory principal and co-founder Tommy Brown commented.
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