From Guru Focus:

Executives at investment giant Brookfield Asset Management Inc. are confident they can scour the international market for distressed assets and acquisition deals for at least two more years, even if the economy starts to recover and the U.S. housing market rebounds.

"While the capital markets are more positive than they have been for a long period of time, that doesn't mean that people who overfinance their properties - or are in extreme distress - are fixed," chief executive Bruce Flatt said on a conference call. "There are still a lot of opportunities out there, and we think there will be for 24 months minimum. I don't think we feel any rush to be doing anything."

Flatt told analysts that the company has spent the last year and a half buying out partners, acquiring rights offerings and making other deals for distressed assets. "We still believe this is one of the greatest investment periods for these type of assets that we've seen in a long time," he said. He also said Toronto-based company wants to put capital into "distressed opportunities as we find them, and where we have an operating base."

Read article...

More on real estate:

MUST READ: Porter Stansberry slams deadbeat mortgage defaulter

This unbelievable real estate investment fell for the first time in 21 years

Porter Stansberry: Why commercial real estate is a terrible investment right now