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Article snippet: WASHINGTON — An industry familiar to President Trump appears to have emerged from the Republican tax rewrite relatively unscathed: commercial real estate. For months, commercial real estate developers had been concerned that the tax plan in the works would make it more difficult or expensive for them to take out huge bank loans or would damage demand in the property market. But if the plan unveiled this week by House Republicans comes to pass, developers like Mr. Trump, who made much of his fortune building skyscrapers, hotels and resorts, will have little to worry about. “The industry was left whole,” said Thomas J. Bisacquino, president of NAIOP, a commercial real estate development trade group. “The provisions we feel are working will still work.” Developers were fearful that the special tax treatment of “carried interest” — fees that are taxed as capital gains, not income — would be amended, or that they would no longer be able to deduct interest expenses from their taxable profits. They were also concerned that certain exchanges of commercial property, which currently enjoy a tax deferral, would face immediate taxation. But the bill included no such changes to the industry, and developers are thankful. “I think Trump, having lived through a couple of real estate cycles, probably is in tune with this more than the average policy maker,” said Martin Schuh, the head of government relations at the CRE Finance Council, a commercial real estate advocacy group. “H... Link to the full article to read more