Over a month ago in March, billionaire real estate investor and good friend of President Trump, Tom Barrack was warning about wide scale defaults in commercial real estate.
Many people thought that Tom Barrack’s firm would be one of the first, if not the first Real Estate Investment Trusts (REITs) to get a bailout.
But over the weekend Barrack’s firm, Colony Capital (NYSE: CLNY) defaulted on $3.2 billion dollars in loans backed by hotel and health care properties, according to a regulatory filing first reported by the Financial Times. https://therealdeal-com.cdn.ampprojec…
Warren Buffett on How to Deal With the Looming Prospect of Inflation https://finance.yahoo.com/news/warren…
Buffett says negative interest rates could have ‘extreme consequences’ https://finance.yahoo.com/news/buffet…
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