Kushner Conflict Cloud Hovers Over Brooklyn Sale Linked to Japan
- Unit of telecom giant NTT bought stake with U.S. firm
- Kushner was helping oversee trade policy at the time
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Two months after Jared Kushner joined the White House as a senior adviser, his family firm sold a stake in a Brooklyn building to a unit of a company whose largest shareholder is the government of Japan.
The buyer of record in the $103-million deal for 175 Pearl St. was Normandy Real Estate Partners, a New Jersey-based investment firm. But documents filed in Tokyo show that it was operating on behalf of a subsidiary of Nippon Telegraph & Telephone Corp. By law, the Japanese government owns at least a third of NTT, in effect a controlling share.