The Empire State Building Could Become Part of a Publicly-Traded Company
Empire State Building via gonzalu
On November 29th, the company that owns the Empire State Building filed a vague document that may incorporate the ESB into a publicly-traded company. The Securities and Exchange Commission filing from Empire State Building, LLC says that Malkin Holdings, LLC, a real estate company that supervises the Empire State Building, is taking action to possibly make the Empire State Building part of a real estate investment trust, although no further details would be available for the next three months due to “legal reasons.”
From the official SEC filing documents:
Malkin Holdings LLC, the supervisor of the Company, has embarked on a course of action that could result in the Company becoming part of a newly formed public REIT. The Company for legal reasons is not in a position to disclose more information until documents are filed with the Securities and Exchange Commission, which the Company anticipates could occur in approximately three months.
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