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Large US pension fund writes off commercial real estate

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Large US pension fund writes off commercial real estate

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25.04.2023 16:52 Updated: 04/25/2023 16:52

The real estate industry is experiencing a severe downturn. This is now affecting one of the largest US pension funds, which has to make billions in write-downs.

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Large US pension fund makes billions in losses with commercial real estate

Current problems in the US commercial real estate market run deep. (Photo: dpa)

Photo: Benno Schwinghammer

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