Equity Office Properties Trust
EOP) was acquired for 39 billion US dollars by affiliates of The
Blackstone Group on February 9,
2007, and is no longer a publicly traded company. Zell's Equity Office
Properties Trust was the largest (not the best performing) office
landlord in the US. Zell was a master of the real estate investment
trust, or REIT.
In March 2007, Sam Zell bought Tribune Corporation
publisher of the Los Angeles
Times , The Chicago
Tribune and The Baltimore Sun. It also owns 23 television stations and
is the owner of the Chicago Cubs. Zell will reportedly take the company
private, sell off the Chicago Cubs after the 2007 season.
- "I've always been intrigued by inefficient markets."
- "I probably am not as pessimistic about the future of the newspaper business as others might be."