CHICAGO-Real estate investor Sam Zell does not expect a “rising tide market” to take place in the near future. Instead, he believes certain sectors will fare better than others.
Speaking at the Invest for Kids charity program, Zell, chairman of Equity Residential Properties, said that the now popular single-family rental home market will perform badly as compared with large multifamily properties, according to Crain’s Chicago Business.
Zell said investment dollars will continue to flow to multi-family properties in downtown areas over suburban markets. He added that smart investors will seek out large retail properties as compared to strip centers and smaller shopping mall properties, which he said doesn’t make for good investments today because size matters. See story in Crain’s Chicago Business.