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At Manhattan Tower, debt payments and losses increase

President Trump's son-in-law has divested his interest in the tower to family to prevent conflicts of interest

Published Wed, Apr 19, 2017 · 09:50 PM

New York

LOSSES widened at the Manhattan office tower co-owned by the family of Jared Kushner, President Donald Trump's son-in-law, as debt payments increased in 2016, according to documents filed by the managers of the loans.

Net operating income at 666 Fifth Ave grew 2.7 per cent from the prior year to US$41.3 million, while debt payments r…

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