Brookfield takes 99‑year lease on Kushner's 666 Fifth Ave; role of Qatar-linked funds disputed
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 and sources close to the deal stated QIA had no involvement in this specific transaction. Senate Finance letters later pressed Brookfield on whether Qatar‑linked funds indirectly backed the deal.
Key Actors
Sources (5)
- Brookfield Acquires 100% Leasehold Interest in 666 Fifth Avenue's Office Condominium (press release) (2018-08-03)
- Brookfield gains lease on Kushner's landmark New York tower (2018-08-03)
- Qatar revamps investment strategy after Kushner building bailout (2019-02-11)
- Wyden & Castro launch investigation into Kushner conflicts (letter seeking info on 666 Fifth financing) (2020-12-09)
- Wyden continues investigation; questions Brookfield on Qatar‑linked funding (2022-10-13)
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