Jared Kushner’s Sister Highlights Family Ties in Pitch to Chinese Investors

Speaking in a ballroom, Ms. Meyer said the project “means a lot to me and my entire family.” She mentioned her brother’s service as chief executive of Kushner Companies, the family business from which he resigned in January, saying he had left to serve in the Trump administration.

The project was advertised to Chinese investors as the latest offering from the “star Kushner real estate family.” The project, which includes two towers, 1,476 luxury apartments and even a medical center for pets, was promoted as “Kushner 1.” Construction is scheduled to begin in early 2018.

Risa Heller, a spokeswoman for Kushner Companies, declined to comment.

Mr. Kushner, who is married to Mr. Trump’s daughter Ivanka, has become a central voice on China, serving as a conduit between Beijing and Washington.

As a businessman, he courted Chinese firms, most notably Anbang Insurance Group, the financial firm linked to members of the country’s ruling Communist Party. In March, Kushner Companies said it had ended talks with Anbang for an investment in its headquarters at 666 Fifth Avenue in Manhattan. The potential deal raised eyebrows because of its favorable terms for the Kushners, who are seeking help with the troubled property.

Even as Mr. Kushner seeks to keep a distance from the family business in his new role, his persistent ties to the company have come under scrutiny.

He remains the beneficiary of a series of trusts that own his stakes in Kushner Companies properties and other investments, worth as much as $600 million, and probably more. Since his move into politics, he has divested his stakes in dozens of other entities used to hold the investments, although he has held on to the vast majority.


Ms. Meyer said the project “means a lot to me and my entire family.”


Read the full article from the Source…

Back to Top