Tuesday, May 22, 2007

Did Sam Zell Sell the Top?

Yahoo Finance reports:
With the benefit of hindsight, Sam Zell did sell at the top, and the liquidity benefits of the cash sale of Equity Office Products on the REIT sector never developed. With savvy Sam Zell top-ticking the sector -- as smart guys usually do -- the rest of the lemmings got caught holding the REIT bag.
Imagine that.