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Kushner Divests from Midtown Office Property

NEW YORK CITY—The asset includes valuable and substantial retail space, but the former CEO of Kushner Cos. has begun to shed his equity interests.

666 fifth avenue Kushner bought 666 5th Ave. for $1.8 billion in 2007, then the highest price ever paid for an office building in the US.

NEW YORK CITY—GlobeSt.com has confirmed published reports that former CEO of Kushner Cos. Jared Kushner—who’s now serving as senior White House advisor to President Donald Trump, his father-in-law—has divested his equity interest in 666 Fifth Ave., in Midtown.

The property owner said he would step down from his family-owned real estate company, and begin to divest himself of substantial assets, after he was appointed to a Cabinet position, notes Reuters. However it is not clear to whom Kushner transferred or sold the equity stake to, or how the transaction impacts the debt on the property.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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