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

| Importance: 5/10 | Status: confirmed

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 advising Trump to support Saudi/UAE blockade of Qatar against State Department objections. The bailout resolved Kushner family’s looming $1.4 billion mortgage default, raising serious foreign influence and emoluments concerns.

Key Actors

Jared Kushner Kushner Companies Brookfield Asset Management Qatar Investment Authority Charles Kushner

Tags

emoluments qatar foreign-influence real-estate-bailout conflict-of-interest nepotism

Sources (3)

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