US President Donald Trump (L) congratulates his son-in-law and senior advisor Jared Kushner after the swearing-in of senior staff in the East Room of the White House on January 22, 2017 in Washington, DC. / AFP / MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)
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“A company owned by the family of Jared Kushner, U.S. President Donald Trump’s son-in-law, stands to receive over $400 million from China’s Anbang Insurance Group, that is investing in a Manhattan building owned by the Kushners, Bloomberg reported.
Details of the agreement are being circulated to attract additional investors, Bloomberg reported on Monday.
The building, a 41-floor tower located at 666 Fifth Avenue, was purchased by Kushner Companies in 2006 for $1.8 billion, which at the time was the highest sales price for a single building in Manhattan.
The planned $4 billion transaction includes terms that some real estate experts consider unusually favorable for the Kushners, the Bloomberg report said.
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