Question

At the end of 2011, commercial banks and other financial institutions collectively owned $51 billion in commercial real estate equity. The vast majority of these holding are the result of which of the following types of investment by these institutions?
A. Direct equity investment through private market purchases
B. Indirect investment through real estate securities
C. Commingled real estate funds
D. Real estate obtained as a result of borrower default and foreclosure.

Answer

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