real-estate fund

Argentina's Economy Minister Luis Caputo is pushing banks and brokers to create a real-estate fund to revive home lending, modeled after a real-estate investment trust (REIT). However, most Argentine home buyers still pay cash, and mortgage-backed sales have declined.

Google billionaire Sergey Brin is exiting New York City real estate amid challenges from strict rent controls and high costs, reportedly selling his stake in a real-estate fund for a reduced value. The move reflects broader struggles among landlords facing similar economic pressures.