NEW YORK - Though a good deal of money is still chasing real estate - thanks in part to turmoil in corporate America - pinpointing the right sectors and regions for investment has become increasingly difficult, according to panelists at Information Management Network's Real Estate Opportunity Fund Investing held here last week.

Some panelists argued that opportunities outside of the U.S. might be the best in the current market, specifically in Europe and Japan, as economic conditions in the U.S. are still uncertain.

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