Commercial Real Estate House of Cards Collapsing? Billionaire Tom Barrack’s Colony Capital Defaults

Over a month ago in March, billionaire real estate investor and good friend of President Trump, Tom Barrack was warning about wide scale defaults in commercial real estate. Many people thought that Tom Barrack’s firm would be one of the first, if not the first Real Estate Investment Trusts (REITs) to get a bailout.

 

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