PLAYERS WHO MAY STAY PRIVATE
OF THE BOARD
From their offices in the Bank of America Tower, high above San Francisco's business district, the Shorensteins, Walter, 82, and Douglas, 42, can gaze out at some of the crown jewels in their real estate empire. Douglas has been expanding the family's extensive holdings into new markets. These private players don't rule out becoming a REIT but question whether the flood of money from the capital markets will encourage REITs to make unwise acquisitions in order to meet the market's demands for growth.
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Updated Sept. 11, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.