Feb 7, 2013
… Paige Mueller: Opportunities vary by region and by country. In Europe, there are definitely opportunities on the debt side due to the crisis in the capital markets. Leverage spreads for good properties are not as wide as they are in other markets. So many of the European economies are in slow-growth mode, and banks are more focused on sovereign lending than on real estate lending, which creates an opportunity to do some lending at nice spreads in those markets.