Kushners set to get US$400 million from Chinese firm in Manhattan office tower deal
Planned US$4b transaction between Jared Kushner's family and Anbang includes terms considered unusually favourable for the Kushners
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Washington
A COMPANY owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior adviser, stands to receive more than US$400 million from a prominent Chinese company that is investing in the Kushners' marquee Manhattan office tower at 666 Fifth Ave.
The planned US$4 billion transaction includes terms that some real estate experts consider unusually favourable for the Kushners. It provides them with both a sizable cash payout from Anbang Insurance Group for a property that has struggled financially and an equity stake in a new partnership.
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