Sam Zell, knows about timing real estate. He sold his REIT, Equity Residential for $39 billion in 2007. At the time, some criticised Zell for selling “too early and cheap”. The way Sam Zell saw it, there are not too many opportunities to sell a REIT for $39 billion in cash. And when the ducks are quacking, and credit is easy, feed ’em.
Now Sam Zell thinks there are signs the housing market may be starting to recover.
Lenny Dykstra, ex-baseball player, and options trading tout, getting house and plane repo’d. Another indication that market is bottoming out. […]
Sam Zell, Simon Property Group, Eyal Ofer at Milken Institute. Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential! Thank you for subscribing. Something went wrong. Join over 100,000 investors and business leaders worldwide. […]
When the smart money is confused….Market is at an inflection point […]
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