Pimco Sets Its Sights on Commercial Real Estate

Pimco, one of the world’s largest fixed-income investors, has been ramping up its commercial real-estate holdings at the same time that historically low interest rates have undercut bond returns.

The firm, which is officially known as Pacific Investment Management Co. and has $2.2 trillion under management, has been seeking higher yields than those offered by investment-grade corporate bonds by buying hotels, office buildings and other property types that have lost value during the Covid-19 pandemic.

READ  Real Estate Share New Cover of Television’s “Days”

Leave a Reply

Your email address will not be published. Required fields are marked *