Deals
Kushners Unload 666 Fifth Ave. to Brookfield in 99-Year Lease
- Deal gives relief to firm run by family of Trump’s son-in-law
- Terms of leasehold sold by Kushner Cos. aren’t disclosed
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The Kushner family’s real estate company has secured a crucial investment in its over-leveraged New York skyscraper, reaching a deal to lease the building’s office space for 99 years to a Canadian asset manager.
The arrangement with Brookfield Asset Management Inc. may let Kushner Cos. -- run by the family of presidential son-in-law Jared Kushner -- salvage its biggest single investment, a marquee tower in midtown Manhattan known simply by its address, 666 Fifth Ave. Terms weren’t disclosed.