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Sam Zell is one of, if not the world’s largest investor in mobile home parks. How has this served him? What is his approach? What does the investing legend see ahead for the market?
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Profile Of Sam Zell, Mobile Home Park Investor By Mobile Home Investors Academy
Sam Zell is one of, if not the world’s largest investor in mobile home parks. How has this served him? What is his approach? What does the investing legend see ahead for the market?
Sam Zell Founder of Equity Lifestyle Properties (ELS),Sam Zell is recognized as leading the most significant manufactured home community operator, as well as the largest apartment REIT, and a leading office REIT. According to Forbes, Zell is one of the world’s richest individuals with a net worth of almost $5B as of March 2015. Zell is a well- known philanthropist, and former owner of the Chicago Cubs, and several other companies, including Equity Office Properties which sold for a record $39B to Blackstone.
Zell on Real Estate Investing We are not building any more manufactured housing communities. Not in my backyard.” and “therefore demand is increasing, the supply is limited.” Due to this equation Zell adds “I don’t know of any stock or any company that I’m involved with that has a better prospect than Equity LifeStyle.”
The Future for Mobile Home Park Investors Additional factors that Zell brought up which should continue to boost the profitability of this asset class include the new Fed rate hike, foreign currency and economic issues, and the potential for a new recession ahead.
For more information: Their future success may be augmented by adopting some of the best practices of their billionaire predecessors such as; focusing on superior management, and better customer service. mobilehomeinvestors.com