By Daily Crux Editor Sean Goldsmith:
John Paulson is starting a new private equity fund to invest in residential and commercial real estate. The fund paired up with a former DR Horton executive, and will also source residential projects.
The life of the fund is expected to be seven years, and should raise hundreds of millions of dollars.
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More on the the housing bottom:
Why housing will bottom on June 30
KB Home CEO Mezger "seeing a floor" in So. Cal home prices
Mortgage bond pioneer Ranieri says housing bottom "within shouting distance"