Kushner family ‘likely to be bailed out by Qatari government-linked company’ after years-long failure to sell 666 Fifth Avenue
Jared Kushner’s family is reportedly tapping Brookfield Properties to help its struggles with the under-performing 666 Fifth Avenue. Kushner, US President Donald Trump’s son-in-law, is his point man in the Middle East. One of Brookfield’s major investors is the Qatari government
A company linked to the Qatari government looks set to bail out White House adviser Jared Kushner’s family after they have spent years struggling to sell a stake in their flagship New York property, it has been reported.
Charles Kushner, Jared’s father, is in “advanced talks” with Brookfield Properties to create a partnership that will take over the 41-storey tower at 666 Fifth Avenue, The New York Times reported on Thursday, citing two unidentified property agents who had knowledge of the deal but were not authorised to discuss it.
Brookfield is based in Canada, but the publicly traded company has the Qatari government as one of its major investors, the paper reported.
Brookfield Properties and the Kushner Companies have been contacted for comment.
Charles Kushner bought 666 Fifth Avenue in 2007 for US$1.8 billion, grabbing headlines for paying what was then the highest price ever for a single commercial property in the United States.