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Sam Zell on why interest rates need a “shot clock”

April 17, 2017

Sam Zell on why interest rates need a “shot clock”

April 6, 2017 | by E.B. Solomont | TheRealDeal

From TRD New York: Sam Zell is tired of waiting for Godot. Raise those damn interest rates already, he says.

“The kinds of interest rates we’ve had are like basketball without a shot clock,” the billionaire chairman of Equity Group Investments said Thursday. “There’s no sense of urgency. There’s no penalty in deferring making a decision.”

In a wide-ranging talk at the annual REIT symposium hosted by NYU Schack, Zell explained why he’s bullish on foreign investment but doesn’t have much hope for an infrastructure boom in the U.S., despite the Trump administration’s appointments of Richard LeFrak and Steven Roth to oversee efforts.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.