Sam Zell
Sam Zell
Samuel "Sam" Zell is an American business magnate. He is chairman of Equity Group Investments, the private investment firm he founded in the 1960s. The majority of his investment portfolio ranges across industries such as energy, logistics, communications and transportation, but he is often noted for a pioneering role in creating the modern commercial real estate industry. EGI’s holdings also include fixed-income investments in public and private companies...
opportunity interesting risk
In my case, if one out of five opportunities is interesting enough to work on, maybe one in five of those ends up being worth doing. That might be a function of risk. That might be a function of price. There are all the variables. But you have to be constantly sorting and choosing and prioritizing.
issues problem economics
The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.
real school cities
If you could find a major city that actually had a functioning, good public school system, you should buy all the real estate.
inspirational reality long
The reality is that I need to be challenged and interested, as long as the risk and reward is in line.
real office employment
Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.
real home thinking
The question is not do you take money out of stocks and put it into real estate, or the reverse. There's so much money out there looking for a home. I don't think it's either/or.