Hedge funds are battling over Diversified Healthcare Trust, the REIT that owns this medical office in Boston.
Big fund managers that specialize in distressed investing have eagerly watched the yearlong selloff in commercial real estate. Now, they are snapping up battered shares of real-estate investment trusts, historically the province of mom-and-pop investors.
This story from wsj.com was posted on 2023-07-24 by @frostspark.