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Blackstone Group, the world’s largest real estate owner, is converting to a corporation

Blackstone Group is changing is corporate structure to become a corporation, in a move that others have used to boost stock ownership. The company said the change from a partnership will be effective on July 1. The conversion to a C-corp comes after the tax law changes lowered the highest corporate rate to 21 percent from 35 percent. “We believe the decision to convert will make it significantly easier for both domestic and international investors […]

from The Real Deal New York http://bit.ly/2Ut5zHH

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