Sam Zell - The Grave Dancer on Private REITs, the Macro Landscape, & Timeless Investing Wisdom | #478

Published: April 26, 2023, 5 p.m.

b"Today\\u2019s guest is the Grave Dancer himself, Sam Zell, founder and chairman of Equity Group Investments, a private investment firm he founded more than 50 years ago.\\xa0Sam\\u2019s thought to be the most successful real estate investor of all time and the man who known for his enormous success in real estate and \\u201cmade REITs dance,\\u201d popularizing the REIT structure that\\u2019s commonplace today. He\\u2019s also been a successful investor in areas like energy, logistics, and health care.\\nToday\\u2019s episode starts off with Sam\\u2019s take on the withdrawal limits for private REITs over the past few months from the lens of his quote, \\u201cliquidity equals value.\\u201d He shares his view on different areas of the real estate market, why he\\u2019s been a net seller for 7+ years, and some lessons from being a constant deal maker during his career.\\nAs we wind down, Sam shares some advice for President Biden on how to help the economy and how to encourage more entrepreneurship in the US, and I promise you won\\u2019t want to miss his most memorable investment.\\xa0\\n*To listen to more on Sam\\u2019s fascinating background, we suggest listening to his episode on The Tim Ferriss Show podcast here\\n-----\\nFollow Meb on Twitter, LinkedIn and YouTube\\nFor detailed show notes, click here\\nTo learn more about our funds and follow us, subscribe to our\\xa0mailing list\\xa0or visit us at cambriainvestments.com\\n-----\\nToday\\u2019s episode is sponsored by Farmland LP. Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. Since 2009, they have built a 15,000-acre portfolio representing over $200M in AUM.\\nToday\\u2019s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world\\u2019s largest institutions, funds, and money managers. Subscribe for free here.\\xa0\\n-----\\nInterested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com\\n-----\\nPast guests include\\xa0Ed Thorp,\\xa0Richard Thaler,\\xa0Jeremy Grantham,\\xa0Joel Greenblatt,\\xa0Campbell Harvey,\\xa0Ivy Zelman,\\xa0Kathryn Kaminski,\\xa0Jason Calacanis,\\xa0Whitney Baker,\\xa0Aswath Damodaran,\\xa0Howard Marks,\\xa0Tom Barton, and many more.\\xa0\\n-----\\nMeb's invested in some awesome startups that have passed along discounts to our listeners. Check them out\\xa0here!\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"