The investment period for Msref' most-recent fund set to expire at the end of June.
WSJ: Morgan Stanley Gears Up for New Property Fund
Soured Msref investments include such properties as a Hawaiian luxury resort and San Francisco office buildings.
Msref is now headed by real-estate veteran John Klopp, former chief executive of Capital Trust Inc.
Msref is under pressure to begin fundraising again if it wants to continue investing.
Morgan Stanley's real-estate fund business, known as MSREF, could use a few blockbuster deals.
WSJ: Morgan Stanley Fund Plays Russian Retail
The firm's MSREF Fund VII, raised in 2008 and 2009, has purchased the two Russian malls, a Manhattan office building near Madison Square Park with a partner, and a portfolio of distressed Australian property loans.
Msref's biggest fund remains troubled.
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