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Friday, May 18, 2007

Real Estate Billionaire Eyes Emerging Markets of Brazil, Egypt, Mexico and China

Billionaire Sam Zell, one of the world’s most famous and successful real estate investors, is focusing his investments on emerging countries such as Brazil.
The founder of Equity Group Investments LLC, Zell has earned the nickname “The Grave Dancer” due to his skills at profiting from distressed sales of undervalued real estate. Zell holds interests in a number of companies listed on the New York Stock Exchange, one of which, Equity Office Properties Trust, recently sold for a staggering $39 billion when it was sold it to The Blackstone Group.

One of the world’s most successful investors, Zell was recently quoted as saying, “This is an extraordinary period for real estate, a golden age”. He explained that the market was booming due to the amount of investment cash made available from REITs, pension plans and other sources, leading to “predictable profits”.

A recent question and answer session with the billionaire revealed that Zell is focusing all his current investment efforts into the emerging markets of Egypt, Brazil, China and Mexico, among others. Other investors are sure to follow suit, as he is known to have an uncanny ability to see around the corner and anticipate imminent changes in the market.

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