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Sam Zell’s largest private equity deal in history

07 Mar

In 2007, Sam Zell, the billionaire Chicago investor, sold a portfolio of 573 properties he had assembled over three decades, Equity Office Properties Trust, to the Blackstone Group for $39 billion. It was the largest private equity deal in history, but Blackstone did not stop there: it immediately flipped hundreds of the buildings for $27 billion.

via Sam Zell’s Empire, Underwater in a Big Way – NYTimes.com.

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Posted by on March 7, 2011 in business, investing, money

 

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