Morgan Stanley's property arm is believed to be close to reaching agreement with investors in Morgan Stanley Real Estate Fund (MSREF) VII Global to extend its investment period by 12 months.
Morgan Stanley's property arm is believed to be close to reaching agreement with investors in Morgan Stanley Real Estate Fund (MSREF) VII Global to extend its investment period by 12 months.
The fund, which has almost $2.5 bn (EUR 1.9 bn) of committed equity still to be spent, was initially scheduled to be fully deployed by next June.
Investors in Morgan Stanley Real Estate Investing include China Investment Corp and General Motors.
MSREI's G7 Fund has invested just 40% of its equity, though it is believed to have a strong pipeline of potential deals.
