Goldman Sachs Asset Management will resume 'actively investing' in U.S. commercial property this year because the market is bottoming out, according to sources familiar with the matter. The global investment management firm, led by Bruce Flatt, is looking to take advantage of opportunities in the recovering real estate sector.
By Iain Withers CANNES, France (Reuters) - Goldman Sachs Asset Management will resume 'actively investing' in U.S. commercial real estate, as the market begins to stabilize post-pandemic. The move comes as the firm seeks to capitalize on potential growth opportunities in the sector.
Bruce Flatt, who has headed the global investment management firm since 2002 and now oversees an empire with US$850 billion in assets under management, is optimistic about the prospects for U.S. commercial property. With the market showing signs of bottoming out, Goldman Sachs Asset Management is poised to make strategic investments in key markets.
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