Marathon eyes debt opportunities
Jun. 23 - Marathon Asset Management's Scott Schwartz says he sees opportunities to buy commercial mortgage backed securities right now.
Marathon's Scott Schwartz says he sees an opportunity to buy commercial mortgage backed securities at what he considers "distressed levels." Separately, Schwartz, speaking at the Reuters 2008 Global Real Estate Summit in New York on Monday, says the commercial real estate market could drop another "10-20 percent in value across the board" in the next couple of years. Speakers:
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