Capital crunch could see real-estate funds close

Jan 31, 2011

Franklin Templeton’s Jack Foster, who invests in funds of global real-estate funds, says investors are focusing more on domestic, core-type plays.

Franklin Templeton’s real-estate team invests in around 350 fund managers worldwide, but if capital-raising remains as difficult as it has been of late, as many as one-third of those could be in danger of closing, warns Jack Foster, New York-based managing director and head of real estate.

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