Inside the universe of Kushner Companies

https://therealdeal.com/2017/05/12/inside-the-universe-of-kushner-companies/

When President Trump made his son-in-law Jared Kushner  a top White House aide, he also made a family real estate firm from New Jersey a front-page staple. Talks with investors tied to the Chinese government, pitching foreign nationals on the cash-for-green-card program, and a host of potential political conflicts of interest stemming from the company’s vast and cryptically disclosed holdings are generating mounting public interest in what is no ordinary landlord.

In light of this, The Real Deal put together a dossier on Kushner Companies to explain what it is, what real estate it controls, and how it rose to such prominence in the first place.

Kushner Companies holds around 20,000 apartments and 13 million square feet of commercial space across the U.S., according to its website. This puts it in the same league as a behemoth like Equity Residential (which owns more than 80,000 apartments but little to no office space).

Kushner stands out in two ways. First, while many other firms of its size typically specialize in either multifamily or commercial real estate, Kushner does both. Second, while most firms of comparable size are either publicly listed real estate investment trusts or private fund managers, Kushner is a family-owned firm. This means it can’t just raise billions by selling shares or pitching pension companies to invest in its funds. It makes up for that handicap by regularly partnering with big institutions on real estate deals.

When Kushner risked losing its trophy Manhattan skyscraper at 666 Fifth Avenue, for example, it brought in REIT Vornado Realty Trust and fund manager Carlyle Group to inject much-needed cash into the building. The company also regularly partners with California-based fund manager CIM Group. It’s now looking for a new partner to help fund the conversion of 666 Fifth into a condo and retail tower after talks with Chinese insurer Anbang fell apart.

Continue here: https://therealdeal.com/2017/05/12/inside-the-universe-of-kushner-companies/

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check it out..jared is a wealthy guy..and must be watched like a hawk..

“Kushner stands out in two ways. First, while many other firms of its size typically specialize in either multifamily or commercial real estate, Kushner does both. Second, while most firms of comparable size are either publicly listed real estate investment trusts or private fund managers, Kushner is a family-owned firm. This means it can’t just raise billions by selling shares or pitching pension companies to invest in its funds. It makes up for that handicap by regularly partnering with big institutions on real estate deals.”

and of course he has the jewel in the crown..666 fifth avenue..

401

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~ by seeker401 on May 16, 2017.

8 Responses to “Inside the universe of Kushner Companies”

  1. i think he paid 3 times what it was worth. seems he really wanted to have the number of the beast.

  2. chuckle

  3. He might be a front man though to invest all the money that swirls around and disappears .

  4. As implied in the article, he does not need to be a public conglomerate. His family possess enough power and money. Says a lot about the company of people – family! – he is from.

  5. Reblogged this on World Peace Forum.

  6. time.com/4800796/the-trials-of-jared-kushner

  7. surprise surprise!

    http://thehill.com/blogs/blog-briefing-room/340495-ivanka-jared-kushner-rub-elbows-with-dem-billionaire-at-hamptons

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