New York - With the employment picture expected to improve as a result of the implementation of the President's economic stimulus program, there are brighter prospects for the real estate markets going forward, according to participants at last week's Commercial Mortgage Securities Association (CMSA) 9th annual convention held in New York.

In the opening general session, Managing Director Tony Pierson of TimesSquare Real Estate Investors, identified sources of lifelines that would stimulate the national economy in general and real estate markets in particular going forward. He focused on employment data and its relationship to real estate fundamentals.

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