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Dequity The Blurring of Debt and Equity in Securitized Real Estate Financing 1 Dequity The Blurring of Debt and Equity in Securitized Real Estate Financing Georgette Chapman…

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\\server05\productn\C\CIN\42-3\CIN302.txt unknown Seq: 1 24-FEB-10 7:09 The Paradox of Commercial Real Estate Debt Georgette Chapman Phillips† Introduction . . . . . .…