EQC is Sam Zell’s cash vehicle that’s looking to deploy somewhere in real estate.
Unsurprisingly, one of the greatest investors in the world has his lieutenants clearly signaling that they have their priorities straight in terms of capital preservation.
Nothing has happened for a while, but conditions are improving now in capital markets and a deal could be made soon, probably at a nice multiple.
Sure glad they waited till after the rate cycle started with capital deployment.
