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New York

Spitzer plans to revamp father’s business

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Eliot Spitzer wants to take his father’s real estate business “to the next level” by starting a vulture fund to buy distressed real estate assets around the country and flip them for a profit. Bernard Spitzer’s real estate holdings have not had any major changes since the early 1990s. Spitzer would be competing with larger investors like the Blackstone Group and the Carlyle Group.