How Real Estate Escaped The Scandal Wave

The public's trust in Corporate America has plunged, but the real estate industry seems to have escaped unscathed.
June 17, 2004, 5am PDT | Chris Steins | @urbaninsight
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Unlike the 1980s boom, whose aftermath revealed a host of shady deals between real estate developers and unscrupulous S&L executives, publicly traded Real Estate Investment Trusts (REITs) have largely been untouched by the most recent scandals in Corporate America." Sam Zell, chairman of Equity Group Investments of Chicago, offers three reasons why REITs are likely to remain scandal-free.

Thanks to Chris Steins

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Published on Wednesday, June 16, 2004 in Wharton Business School, University Of Pennsylvania
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