Sam Zell — real estate mogul— dies at 81
Sam Zell, a legendary real estate investor, who made billions scooping up distressed commercial properties, has died at 81, according to reports.
A message from Equity Residential EQR , where he was a founder and chairman said that it was mourning the death of the prominent investor. The investor bought dozens of foreclosed office buildings in the 1990s at steep discounts and eventually sold most of them through his $39-billion Equity Office Properties deal in 2007, one of his more prominent deals, noted The Wall Street Journal in 2021 article.
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