Why Sam Zell ("The Grave Dancer") Is Cashing Out

``Zell was also one of the only real estate gurus to spot the last property bubble and get out before it popped. In February 2007, he sold $23 billion worth of office buildings. U.S. commercial property prices peaked nine months later and went on to plunge 42%. • Zell is seeing a similar situation in today's market... His company has sold more than $8 billion worth of property over the past 18 months. In January, it sold 23,000 apartment units, about one quarter of its portfolio.''