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SamCtrlPlusAltMan

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The Empire State Building is the most famous building in the world. Its currently valued at $993 million. But I bet you didn't know that in 1961, a couple of crafty Jewish real estate entrepreneurs ran the first large syndication to buy the property.

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Anonymous

Anonymous 2

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Fun fact: This deal structure was so novel at the time that it led to changes in securities laws. The SEC wasn't too happy about thousands of small investors buying into such a large asset without more oversight.

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