12 Aug 2023 5:09 pm
Bruce » 12 Aug 2023, 4:52 pm » wrote: ↑ He’s never made a good investment anybody has ever heard of:
—-The Kushner family’s financial troubles began after it purchased an office tower at 666 Fifth Avenue for a record $1.8bn in 2007, at the height of a real estate market that crashed a year later. Since 2016, Kushner Companies had negotiated with investors from China and Qatar to bail out the property, which was facing $1.4bn in loan payments due in February 2019. But those deals fell through because the investors, who had connections to the Chinese and Qatari governments, worried about the public scrutiny created by Kushner’s job in the White House.
Kushner insists he has played no role in negotiations over the Fifth Avenue tower. After he joined the Trump administration as a senior adviser in January 2017, Kushner resigned as the chief executive of his family’s company. He sold his stake in the Fifth Avenue building and some other assets to a family trust. But Kushner kept a substantial stake in his family’s firm, and he and his wife, Ivanka Trump, own real estate and other holdings worth more than $800m, according to disclosure forms.
The Kushner family focused on Qatar as a potential savior for its investment even before Trump’s election. In 2015 and 2016, according to the Intercept, Jared Kushner and his father Charles negotiated with the Qatari billionaire and investor Sheikh Hamad bin Jassim al-Thani, who had served as Qatar’s prime minister. The businessman offered a deal worth about $500m, but it was contingent on Kushner Companies securing investments from other creditors. The deal fell through when the Kushners were unable to secure other funding.——
But he **** Ivanka every night, which is quite an accomplishment
More of your ****.