Zell predicts resurgence in commercial real estate

05/2/2008 | Bloomberg

Institutional investors are beginning to return to the market for mortgage- backed securities that finance commercial real estate deals and new construction, according to billionaire Sam Zell. "Is it in large volumes? No. Is it the first natural step in the evolution? Yes," said Zell, chairman of Equity Residential, the largest U.S. apartment owner.

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