Excerpt: Morgan Stanley Real Estate Fund Said Likely to Win New Deadline Morgan Stanley’s $4.7 billion real-estate fund, known as MSREF VII, will probably win approval to extend the deadline for finding new investments into 2013, a person familiar with the discussions said. Investors in Morgan Stanley Real Estate Fund VII have indicated they will […]
Jay Mantz
Excerpt: Morgan Stanley Property Fund Faces $5.4 Billion Loss Morgan Stanley has told investors in its $8.8 billion real-estate fund that it may lose nearly two-thirds of its money from bum property investments, according to fund documents reviewed by The Wall Street Journal. That would likely make it the biggest dollar loss—$5.4 billion—in the history