Deals
Kushners May Get $400 Million From Chinese on Tower
- Family company of president’s son-in-law in deal with Anbang
- Plan is circulating among investors for more equity partners
Kushner Family to Get $400 Million From Tower Sale
A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, stands to receive more than $400 million from a prominent Chinese company that is considering investing in the Kushners’ marquee Manhattan office tower at 666 Fifth Ave.
The planned $4-billion transaction includes terms that some real estate experts consider unusually favorable for the Kushners. It would provide them with both a sizable cash payout from Anbang Insurance Group for a property that has struggled financially and an equity stake in a new partnership.