I'm going to start out by talking about commercial real estate and the kind of vehicles that we use to invest in commercial real estate.

接着我会讲一下商业地产,以及投资于商业地产的,一类金融机构

耶鲁公开课 - 金融市场课程节选

Commercial real estate--that means real estate owned not by individual households but by businesses.

商业地产,适用于商业用途而不是个人居住

耶鲁公开课 - 金融市场课程节选

So,you'd find Yale with interests in office buildings in New York, Washington D.C., Chicago,San Francisco,Los Angeles, some in secondary markets as well, but predominantly in large metropolitan downtown areas.

你会发现耶鲁占有股份的写字楼,分布纽约 华盛顿,芝加哥,旧金山,洛杉矶,二级市场也有一些,但绝大部分集中于大都市商业区

耶鲁公开课 - 金融市场课程节选