Sumitomo Corporation of Americas is preparing to deploy about $1 billion of capital into value-added acquisitions globally, with a focus on primary and secondary markets in the U.S. “After sitting on the sidelines for a couple of years during the recession, we are actively pursuing a wide range of value-oriented opportunities to diversify our real estate holdings,” said Bob Obringer, v.p. of real estate. The company, advised by Avison Young, will pursue deals on an off-market basis.....

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