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

confirmed Importance 5/10 ~1 min read 3 sources 5 actors

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.

Sources & Citations

[1] Kushners Near Deal With Qatar-Linked Company for Troubled Tower · May 17, 2018 Tier 1

[2] Kushner Cos. gets $1.1B from Brookfield for 666 Fifth lease · Aug 3, 2018 Tier 2

[3] The Kushners Get a Billion-Dollar Bailout · Aug 3, 2018 Tier 2

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Qatar-Linked Brookfield Bails Out Kushner's 666 Fifth Avenue for $1.28 Billion.” The Capture Cascade Timeline, August 3, 2018. https://capturecascade.org/event/2018-08-03--kushner-qatar-brookfield-bailout/