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CohnReznick Real Estate Exec Sees Dry Powder As A Red Flag

By Andrew McIntyre (July 11, 2016, 4:26 PM EDT) -- Real estate investment firms are holding "an enormous amount" of dry powder on hand as prices in major U.S. markets have skyrocketed, and that large stash of sidelined capital is cause for exercising caution, David Kessler, national director of tax and advisory firm CohnReznick's commercial real estate industry practice, told Law360 in a recent interview....

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