Sam Zell on Archstone, US Outlook

Sam Zell on `Overleveraged' Commercial Real Estate

Billionaire investor Sam Zell  says the US real estate market is still significantly over-leveraged with "zombie properties" because of "pretend-and-extend" strategies employed 5 years ago, so in the end it's difficult to have a viable commercial market until this problem is corrected, which in his eyes, is by letting the price discovery process play out. Today's low cost of capital also changes the incentives for banks to clear assets from their balance sheets.

Outside of real estate, he has invested extensively in deleveraging situations with middle market companies that have higher cost of capital, spanning all kinds of industries.

Sam Zell: Government Bailout Hurt Housing Recovery

"Rather than let the elements of the business world take care of the problems, we basically stopped the process of creating market clearing. Had we allowed the market to clear without trying to stop reality...we would have a healthy housing market today."

Sam Zell On Emerging Market Opportunities

(An older interview with Zell can be found here)

Sam Zell On Competing with China

(An older interview with Zell can be found here)

Sam Zell On OWS

(An older interview with Zell can be found here)

Sam Zell On his Natural Gas Venture

(An older interview with Zell can be found here)

Sam Zell On Europe and the Economy

(An older interview with Zell can be found here)

Bill Ackman and Sam Zell on Delivering Alpha's Real Estate Panel

Delivering Alpha: "Homes For Sale: Is now the time to come back to real estate" with Bill Ackman of Pershing Square, Barry Sternlicht of Starwood Capital, and the legendary Sam Zell.