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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (149575)9/23/2008 4:42:44 PM
From: renovatorRead Replies (2) | Respond to of 306849
 
When Sam Zell buys back in we will know the CRE bottom is in!



To: MulhollandDrive who wrote (149575)9/23/2008 5:02:59 PM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
I hope he's wearing red shoes and knows a good witch
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Real estate business

Zell, with Robert Lurie went on to found the Equity Group Investments, LLC, which spawned three real estate public companies, including: Equity Residential, the largest apartment owner in the United States; Equity Office Properties, the largest office owner in the country; and Manufactured Home Communities, a mobile home company. In addition, Zell has created a number of public and private companies. He also controls SZ Investments LLC as his investment arm.

Zell is also Chairman of Capital Trust Inc., a finance and investment management company focused on the commercial real estate industry, and Anixter International, the world's largest distributor of communication products and electrical and electronic wire and cable.

Recently, the Blackstone Group completed its purchase of Zell's Equity Office Properties Trust for $39 billion,[4] and sold off many of the portfolio's properties for record amounts.[5]