Samuel Zell Cuts Back on Real Estate property

In the early 1990s Samuel Zell put in the nickname "the grave dancer" for buying beatendown real estate properties and ride them to enormous improvement.

The (Seventy One) 71-year old real estate mogul has been one of the leading, most aggressive commercial real estate investors for decades build up a net worth of $4 billion according to Forbes magazine.

Mr. Samuel Zell still reins a handful of U.S. real-estate companies but some of those were quite slow to get back into buying property.

Mr. Samuel Zell says he has a low of just (Thirty Percent)   30% of his private investment portfolio in real-estate investments, down from (Fourty Percent) 40% about (7) seven years ago. In 1990, half his money was fixed to real estate.

Famed investor Samuel Zell recognized for buying real estate at the bottom of the market had cut back on his real estate holdings.

The man known as 'grave dancer' has turned alert on real estate. I'm not singing "Kumbaya" like other people says Mr. Samuel Zell

Mr. Samuel Zell was one of the leading investors in U.S. real estate in the 90s and early part of the century. In 2007 (Two Thousand and Seven) before the market fall down he sold Equity Office Properties Trust to Blackstone Group for a record $39 billion (Thirty Nine)

But Mr. Samuel Zell has not been as lively and full of time in U.S. commercial property in the wake of the market give way in (Two Thousand and Eight) 2008. In its place he has shifted to natural gas, international real estate deals in emerging-market countries counting Colombia and India and a distressed-debt fund.

Mr. Samuel Zell has missed a run-up in U.S. commercial property in current years. 

I wish I was just right, he told the Journal. I would have made a luck when the market went down.

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