"It's not going to be the ultimate disaster," says Patrick Leardo, former global head of real estate consulting for PricewaterhouseCoopers.Leardo reassured real estate executives at a meeting of the Urban Land Institute in Bonita Springs recently.
"There's all kinds of cash out there, waiting," Leardo says.
Institutional investors are poised to be big buyers of commercial real estate.
"Insurance companies are going to be huge sources of capital.
They have a ton of money right now because they haven't done anything," Leardo says.
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