Term Sheet: The ECB talks real estate risk, PIMCO’s Trausch on the refinancing ‘tsunami’, Blackstone’s Italian CMBS extension

A senior representative of the European Central Bank sounds a note of calm about banks’ real estate exposure at the PERE Network Europe Forum; PIMCO Prime Real Estate CEO François Trausch explains why debt is on managers’ minds; Blackstone’s Italian loan extension plan demonstrates the work some borrowers face to meet debt obligations; and more in today's briefing, exclusively for our valued subscribers.

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