New York – GE Capital Executives said on Tuesday that General Electric Company expects to lose $ 7 billion from the battered commercial real estate sector.

During the annual investor day, executives said that the decline in values has also driven down the value of its collateral for commercial real estate loans. The company said it expects continued trouble in the sector in 2010, and expects commercial real estate values to fall 13% next year.

Vast holdings of GE are well diversified especially for the commercial real estate market. Unfortunately, it seems that everything is getting dim for the company this time.

So if you are looking at commercial property, keep these numbers in mind. The expectation of profits from the sector is not likely until 2011.