Navigating the Storms of Distressed Ventures: South Korean Investments in US Office Real Estate
During the early to mid-2010s, Korean investors flooded into the US office real estate market, enticed by the promise of higher returns in an era of low interest rates. At this time, the Korean base interest rate exceeded the Fed funds rate, minimizing losses from currency hedging. The allure of inv...
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Massachusetts Institute of Technology
2024
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| Online Access: | https://hdl.handle.net/1721.1/153724 |