After Trump’s nomination, the Kushners were able to enter discussions involving billions of dollars in Asian and Middle Eastern money.
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From other properties, they are extracting cash, including tens of millions in borrowed funds from the recently acquired former New York Times building. What's more, their partner in the Fifth Avenue building, Vornado Realty Trust, headed by Steve Roth, has stood aside, allowing the Kushners to pursue financing on their own. After selling 18,000 mid-Atlantic apartments in 2007, the Kushners only partially own a substantial number of the company's assets.Tishman Speyer Properties, a real estate company with a New York pedigree his own company lacked, was looking to sell an office tower in midtown Manhattan, and Kushner wanted it.
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