Some U.S. commercial real estate assets may need recapitalising but sector is efficient - BofA's Mensah

Some assets in the U.S. commercial real estate sector may need recapitalising or restructuring, but the market is efficient, Bank of America President Bernard Mensah said on Monday. "The U.S. real estate sector is actually pretty sophisticated.

Some assets in the U.S. commercial real estate sector may need recapitalising or restructuring, but the market is efficient, Bank of America President Bernard Mensah said on Monday.

"The U.S. real estate sector is actually pretty sophisticated. It's had its booms and busts, I suspect some of those assets will need recapitalisation, or they may need restructuring. But the market is pretty efficient," Mensah said at the World Government Summit in Dubai.

"I don't see anything systemic - famous last words - in that sector," he added.