Words: Ashley Rigg
Published: 2nd September 2009
US: Billionaire Zell to invest in distressed property
Property billionaire and newspaper proprietor Sam Zell has raised $625 million to launch the Zell Credit Opportunities Fund which will invest in a number of securities including those backed by real estate assets.
Zell is famous for his shrewd timing – buying at the bottom and selling at the top of the market. The move is a huge vote of confidence for the US property market.
Full story on
Property Week
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