Donald Trump may not directly be benefitting from this, but his extended family sure is.
According to a new report by Bloomberg, Jared Kushner‘s family company Kushner Companies is set to receive a cool $ 400 million in what’s being described a “sweetheart deal” with a Chinese investment group.
Anbang Insurance Group is investing in the Kushners’ Manhattan office building — 666 Fifth Avenue, because why be subtle — to the tune of $ 4 billion. This would value the building at $ 2.85 billion, a record even in New York City.
The investment is said to be “unusually favorable” according to real estate experts, leading many to wonder if this is a way of buying influence with Ivanka Trump‘s husband — who is of course, also the President’s senior adviser.
Campaign Legal Center general counsel Larry Noble explains:
“At the very least, this raises serious questions about the appearance of a conflict that arises from the possibility that the Kushners are getting a sweetheart deal. A classic way you influence people is by financially helping their family.”
A Kushner Cos. spokesman says this poses no conflict of interest as Jared has already sold his ownership stake.
But isn’t financially benefitting your family kinda the same as financially benefitting you? This really seems like the Kushners are splitting heirs there.
As far as Anbang’s agenda?
While little is known of its ties to the Chinese government, we do know this: after Anbang purchased Manhattan’s Waldorf Astoria Hotel (also for a record price) in 2014, the U.S. government began an investigation into the mysterious company.
So that’s who Jared Kushner’s family is in bed with now. Awesome.
[Image via CNN.]