Real Estate

Sam Zell Said His Companies “don’t Buy Markets, We Buy Deals”

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Sam Zell’s Equity Commonwealth real estate investment trust has $3.4 billion in cash ready to deploy in these times of distressed assets, but the self-described Grave Dancer isn’t ready to tango in one sector: Retail. Zell, who is also chairman of Equity Residential and Equity Lifestyle Properties, said his companies “don’t buy markets, we buy deals.” And with retail real estate, he’ll likely steer clear, he said. In a Zoom interview with SkyBridge Capital founder The post For Sam Zell, it’s all about “foreclosures and opportunities” appeared first on The Real Deal New York.

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