When the markets begin to melt, people usually look to see what Sam Zell is up to. The billionaire real estate investor made his fortune and reputation by acquiring distressed assets on the cheap and disposing of properties at the zenith of the market. He sold Blackstone Group the Equity Office portfolio for $39 billion in 2006, the largest-ever leveraged buyout at the time. In 2012, he bought the 45,000-unit Archstone multifamily portfolio for $16
source https://therealdeal.com/2020/05/06/even-sam-zell-isnt-ready-to-dance-on-graves/
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