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Morgan Stanley’s Hochfelder: Industrials Is Next Growth Area
Lauren Hochfelder, Head of Global Real Assets at Morgan Stanley, says commercial real estate may be at an appealing turning point after a prolonged correction. She notes the sector is now more than four years into what she describes as the longest correction in over 30 years, with prices still down more than 20% and trading below replacement cost for the first time since the global financial crisis. She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)
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