Brookfield Asset Management

Qatar-Linked Brookfield Bails Out Kushner's 666 Fifth Avenue for $1.28 Billion

2018-08-03 00:00:00 +0000 UTC | Importance: 5/10

Brookfield Asset Management, with Qatar Investment Authority as second-largest investor, paid $1.28 billion for 99-year lease on Kushner’s troubled 666 Fifth Avenue property. Deal came after Charles Kushner’s April 2017 request for Qatari financing was rejected, followed by Jared …

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Brookfield takes 99‑year lease on Kushner's 666 Fifth Ave; role of Qatar-linked funds disputed

2018-08-03 00:00:00 +0000 UTC | Importance: 9/10

Brookfield acquired a 99‑year leasehold on the office portion of 666 Fifth Avenue from Kushner Companies, resolving a distressed financing situation. Public records and press accounts note that Qatar’s sovereign fund (QIA) was a major investor in Brookfield Property Partners, while Brookfield …

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