Rei Ts Are Going Like A House Afire

A band of big-time real estate investors is sparking a wave of respectable IPOs

Mortimer B. Zuckerman doesn't shy from the public eye. The longtime bachelor's succession of relationships, as well as his recent wedding, have been well chronicled in the press. But when it comes to his vast real estate and publishing empire, Zuckerman has operated differently: "I never wanted to bring any of my companies public," he says. But soon, Zuckerman will float the biggest real estate investment trust offering in history, a $903 million initial public stock offering of Boston Properties, a collection of trophy office buildings.

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