There's a very simple reason why real estate tends to be held in limited partnerships rather than corporations and that reason is the corporate profits tax.

人们之所以,通过有限合伙的形式来持有商业房产,而不是以公司的形式来持有商业房产,其原因非常简单,那就是公司利润税

耶鲁公开课 - 金融市场课程节选

Corporations are taxed on their profits and DPPs are not.

公司需要上缴利润税,但DPP不需要

耶鲁公开课 - 金融市场课程节选