Empire State Building Owners Plan Launch Of Public REIT
Law360, New York (November 29, 2011, 5:17 PM EST) -- The family that owns New York's Empire State Building may make the skyscraper available to investors through a publicly traded real estate investment trust, the family's holding company said Tuesday.
The holding company that manages Empire State Building Associates LLC, which is controlled by Peter L. Malkin and his son Anthony, has started a process that could allow the public to invest in the building through shares offered by a publicly listed REIT, according to a regulatory filing with the U.S. Securities and Exchange Commission.
Malkin Holdings LLC said it anticipates a more detailed filing in three months, and a spokesperson declined to provide more information....
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