The Meb Faber Show: “Sam Zell – The Grave Dancer on Private REITs, the Macro Landscape, & Timeless Investing Wisdom”

Sam Zell – The Grave Dancer on Private REITs, the Macro Landscape, & Timeless Investing Wisdom

Today’s guest is the Grave Dancer himself, Sam Zell, chairman of Equity Group Investments, a private investment firm he founded more than 50 years ago.  Sam’s thought to be the most successful real estate investor of all time and the man who known for his enormous success in real estate and “made REITs dance,” popularizing the REIT structure that’s commonplace today. He’s also been a successful investor in areas like energy, logistics, and health care.

Today’s episode starts off with Sam’s take on the withdrawal limits for private REIT over the past few months from the lens of his quote, “liquidity equals value.” He shares his view on different areas of the real estate market, why he’s been a net seller for almost 7 to 8 years now, and some lessons from being a constant deal maker during his career.

As we wind down, Sam shares some advice for President Biden on how to help the economy and how to encourage more entrepreneurship in the US, and I promise you won’t want to miss his most memorable investment.

Today’s episode is sponsored by YCharts. YCharts enables financial advisors to make smarter investment decisions and better communicate with clients. YCharts offers a suite of intuitive tools, including numerous visualizations, comprehensive security screeners, portfolio construction, communication outputs, and market monitoring. To start your free trial and be sure to mention “MEB” for 20% off your subscription here: https://go.ycharts.com/meb2023 (New clients only)

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Meb Faber

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