A STORIED SCAVENGER
Chicago-based financier Sam Zell, already the largest owner of office buildings, apartments, and manufactured housing through his portfolio of REITs, is still hot on the acquisition trail. Besides dominating his markets, Zell wants to generate extra money from his properties by using his powerful economies of scale to secure better rates on telephone, cable, and other services, and then pass them on to tenants--for a small fee, of course. Zell's empire also includes extensive non-real estate holdings, including one of the largest radio station groups in the country, a supermarket chain, and a steamship line.
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Updated Sept. 11, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.