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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
Repayment terms for over US$1.2 billion of debt on the Midtown property are growing more punitive as a 2019 due date draws near.
PHOTO: AFP
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...
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