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Investor expects public firms to own more real estate: market still has room for small property buyers. (Special Report: Commercial Real Estate).

Publication: San Diego Business Journal
Publication Date: 27-JAN-03
Format: Online - approximately 792 words
Delivery: Immediate Online Access
Full Article Title: Investor expects public firms to own more real estate: market still has room for small property buyers. (Special Report: Commercial Real Estate).(Sam Zell)

Article Excerpt
Times are tough, but real estate investment will continue to be strong, especially by publicly traded companies.

"More real estate will be owned by public companies going forward," said Sam Zell, CEO of Equity Office Properties Trust.

The company, a real estate investment trust headquartered in Chicago, is the largest publicly held office building owner and manager in the United States. Its portfolio of 126.8 million square feet in 744 buildings includes five properties in Carlsbad and seven in San Diego.

Zell was the keynote speaker Jan. 14 at the seventh annual Real Estate Conference organized by the University of San Diego's Real Estate Institute.

In an interview after the conference, Chad Carpenter, president of La Jolla-based...

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