launching a SPAC to target the industrial sector.” data-reactid=”19″>Sam Zell is one of the biggest names in the real estate markets and an early leader in REITS in the United States. Now, he’s launching a SPAC to target the industrial sector.
Zell is widely recognized as a founding father of the REIT, according to the filing.
EQR), a multi-family REIT, and Equity LifeStyle Properties (NYSE: ELS), a manufacturer housing REIT, both have founder Zell as the current chairman. Zell also chairs Equity Commonwealth (NYSE: EQC), an office REIT.
CVA).
Forbes ranks Zell as the 148th richest American with a net worth of $8.2 billion.” data-reactid=”28″>Zell was once the owner of the Chicago Cubs and was part of the $8.2 billion buyout of the Tribune Company. Forbes ranks Zell as the 148th richest American with a net worth of $8.2 billion.
The company’s strategy includes using its strong track record in growing companies to identify a potential company. The company plans to help an acquired company with driving innovation and transformation mergers and acquisitions.
Criteria for an acquisition target includes a strong competitive position, potential attractive FCF, strong management team, proven track record, and an attractive risk-adjusted return.
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