2/9/2010

Richard Ziman, former chairman of Arden Realty, and Timothy Callahan, the former head of Trizec Properties, are seeking to re-enter the real estate investment market by offering shares in blind-pool companies. They are facing stiff headwinds as recent blind-pool sales have a poor track record. "Blind pools have huge negatives and only make sense if they have the perfect management and the perfect opportunity," says Mike Kirby, chairman of Green Street Advisors.

Related Summaries