BofA Says Commercial Real Estate Looks Better After Overheating
Building are seen reflected on the exterior of a Bank of America Corp. branch in New York.
Photographer: Daniel Tepper/Bloomberg
This article is for subscribers only.
Bank of America Corp. says the property market is getting more interesting.
“We’re actually, quite frankly, increasing our exposure right now in commercial real estate because we stayed out,” Brian Moynihan, the bank’s chief executive officer, said at a Goldman Sachs Group Inc. conference Tuesday in New York. While the market had been “overheated,” the bank now sees some opportunities, he said.