Citi's Flexner discusses commercial real estate on Bloomberg TV.

By Citi October 22, 2010 11:06 AM

Tom Flexner, Citi's Global Head of Real Estate, appeared on Bloomberg Television yesterday to discuss trends in the commercial real estate market. In his interview, Flexner said that though "the system has to work through a very significant sell down and restructuring," prices may not necessarily come down. Instead, Flexner said, "sell down really means the banking system continuing to unload, and de-leverage by reducing their balance sheets through selling off loans."

Click here to see the full appearance.