The company run by Jared Kushner’s family is negotiating a deal to save a troubled real estate project with a business linked to the Qatari government, according to a report Thursday.
Charles Kushner, the father of White House adviser and President Trump’s son-in-law Jared Kushner, is in talks with Brookfield Properties to buy Kushner Companies’ old partner Vornado Realty Trust out of its office space stake in the 666 Fifth Avenue building in New York, the New York Times reports.
Brookfield is a major investor in the Qatar Investment Authority, per the Times.
The Kushner Companies’ various attempts to salvage its 666 Fifth Avenue project, which is struggling due to vacancies, has caused problems for Jared Kushner in his capacity as a Trump administration official.
Kushner’s security clearance was downgraded in February due to concerns that transactions he made in his business career would allow foreign governments to exert influence on him.
It was also reported in February that special counsel Robert Mueller was investigating failed negotiations Jared Kushner had during transition with Chinese insurance conglomerate, Anbang, and former Qatari Prime Minister Hamad bin Jassim Al Thani over possibly investing in 666 Fifth Avenue.
In March, Charles Kushner confirmed he met with Qatar’s finance minister in April 2017, but turned down funding to avoid potential conflicts of interest.
Jared Kushner stepped down as chief executive of Kushner Companies in January 2017. He sold his stake in 666 Fifth Avenue to a trust controlled by his mother that same year.
