Paulson's bet on RE

Quote from atticus:

Paulson is buying 550MM in entitled raw-land in SoCal. I got the info direct from the CEO of a $5B REIT. Also, Don Wilson of DRW Trading is making large bets in NV, AZ and CA as well; but in residential single family.


Fund was announced today. ;)
 
The Nevada REIT involved in the Paulson investment has declared Ch11. I don't believe Paulson had any direct-investment in the REIT.
 
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