After selling most of his real estate investments in Brazil, billionaire Sam Zell said he is entering the real estate markets in Colombia and India in the next two weeks.
Zell, chairman of Chicago-based Equity International, will invest in real estate in Colombia and will eventually move on to residential projects, he said in an interview today on Bloomberg Television. In India, he plans to open hotels.
Equity International’s first deal in Colombia is a $75 million investment in Bogota-based Terranum Development, a closely held real estate company, according to a statement today.

Source: Bloomberg

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