View Full Version : Morgan Stanley Loses $5.4B in Real Estate

14th April 2010, 10:15 PM
Morgan Stanley Loses $5.4B In RE Fund: Biggest Loss In History!
By Jeff Harding April 13th, 2010


Here’s a story for the decade. Morgan Stanley’s Msref VI, an $8.8 billion real estate fund, lost $5.4 billion, the biggest loss in the history of private real estate equity investing. This story is just out from the Wall Street Journal and it is worth a read.

It isn’t clear from the article, but they bought many of their properties in 2007. I don’t have to tell you how insane of a move that was when the U.S. housing market was collapsing. One of their big misses was the Eurotower in Franfurt which, ironically, is the home of the European Central Bank.

14th April 2010, 10:16 PM
Just to remind people of what is coming,
the real estate market is getting hammered
and GS is positioned the way they were with
the housing bubble, who is going to be the
next AIG, maybe AIG again, lol .

All this is engineered like the housing bubble.

Sept 2008 repeat is coming.