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Kushners and Qatari-Linked Company Near Deal for NYC Tower

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Kushner Co. and Qatar rescuing Jared's 666The real estate company owned by White House advisor Jared Kushner’s family is close to “receiving a bailout” for their troubled 666 Fifth Avenue tower in New York City from a company with ties to the Qatari government, according to The New York Times.

Jared’s father, Charles Kushner, is reportedly in “advanced talks” with Brookfield Properties—a Canadian company whose second-largest shareholder is the Qatar Investment Authority—over “a partnership to take control” of the property. The Kushners bought the building 11 years ago for $1.8 billion, a record in New York City, but it now only generates “about half its annual mortgage payment.”

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