Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.