Zell: No Problem Being a Big Holder of Cash Today

The transcript discusses Bloomberg's inaccurate report on fundraising for a distressed debt fund, emphasizing a cautious approach to market opportunities. It also covers Blackstone's entry into the non-traded REIT arena and its implications. The speaker highlights the low cost of holding cash and the strategic decision to maintain liquidity, reflecting a cautious investment approach.

What was the speaker's response to Bloomberg's report about their fundraising activities?

• They stated the report was inaccurate.

• They confirmed the report was accurate.

• They partially agreed with the report.

• They refused to comment on the report.

How does the speaker view Blackstone's entry into the non-traded REIT arena?

• They fully support Blackstone's strategy.

• They plan to follow a similar strategy.

• They see it as a direct competition.

• They do not necessarily agree with it.

What is the speaker's opinion on holding cash in the current market environment?

• They believe it's too costly to hold cash.

• They think it's wise due to low optionality costs.

• They suggest investing all cash immediately.

• They recommend avoiding cash holdings.

What is the speaker's current strategy regarding investments?

• Slowing down investments to hold more cash.

• Increasing the pace of investments.

• Investing heavily in distressed debt funds.

• Maintaining the same investment pace.

What percentage of Equity Commonwealth's assets is currently held in cash?

• 2/3

• 100%

• 1/3

• 50%