Kushners’ China Deal
Flop Was Part of Much Bigger Hunt for Cash
Jared Kushner, Donald
Trump’s son-in-law and top adviser, wakes up each morning to a
growing problem that will not go away. His family’s real estate
business, Kushner Cos., owes hundreds of millions of dollars on a
41-story office building on Fifth Avenue. It has failed to secure
foreign investors, despite an extensive search, and its resources are
more limited than generally understood. As a result, the company
faces significant challenges.
Over the past two years,
executives and family members have sought substantial overseas
investment from previously undisclosed places: South Korea’s
sovereign-wealth fund, France’s richest man, Israeli banks and
insurance companies, and exploratory talks with a Saudi developer,
according to former and current executives. These were in addition to
previously reported attempts to raise money in China and Qatar.....
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