Brooklyn Article (Important Info.): Jared Kushner & partners spent more than $1 billion acquiring properties from JWs since 2013

by AndersonsInfo 5 Replies latest jw friends

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  AndersonsInfo

  https://therealdeal.com/2017/04/01/jared-kushner-wont-cash-out-of-dumbo-heights/
  

  Jared Kushner won’t cash out of Dumbo Heights (or out of much else, for that matter)

  Ethics disclosures released by WH Friday show he is keeping interests in Dumbo projects as well as in bulk of Kushner Cos’ NYC real estate portfolio
  

  By Will Parker | April 01, 2017 08:30PM
  

  White House senior adviser Jared Kushner will continue to hold personal stakes, possibly worth more than $150 million, in at least 40 New York City real estate entities, including some connected to Kushner Companies’ Dumbo Heights properties, new White House ethics disclosures show.
  

  Kushner and his partners have spent more than $1 billion acquiring the Dumbo properties from the Jehovah’s Witnesses since 2013.
  

  Ethics disclosures released by the White House Friday reveal that Kushner is not divesting from three Dumbo-linked LLCs. Those entities include “KC Dumbo Hotel, LLC,” likely connected to a planned hotel by hotelier Ian Schrager at one of the Dumbo Heights office conversions. The disclosure, which pegs the value of Kushner’s interest in the LLC at a maximum $5 million, includes an option to buy commercial real estate.
  

  Another LLC Kushner will hold collects office rent in Dumbo, and his interest in that one is worth up to $5 million as well.
  

  Much of Kushner Companies’ Dumbo office space is still in the pipeline, including 733,000 square feet of space at the Watchtower building.

  READ MORE: https://therealdeal.com/2017/04/01/jared-kushner-wont-cash-out-of-dumbo-heights/
  
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  Finkelstein

  Kushner and his partners have spent more than $1 billion acquiring the Dumbo properties from the Jehovah’s Witnesses since 2013.

  Some people think this real estate purchasing is unusual being that one developer is buying up the WTS properties.

  news flash it is not

  Kushner and his development company has been buying up New York properties for awhile now, along with D Trump.

  Actually he and his team may has noticed that the WTS kept up these buildings in relatively good condition, which may have added to their attractiveness.
  

  There are really others things to be concerned about regarding the WTS and its aggressive corruption world wide and its adversely dangerous affects it has into humanity
  
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  AndersonsInfo

  FYI, during the Conti trial in 2012 the figure that Plaintiff's attorney was given for what the Watchtower property was thought to be worth just in Brooklyn alone was $1 billion.

  If Kushner & Company purchased over $1 billion in property since 2013, and we know some of Watchtower's Brooklyn property was sold to other buyers (names and purchase price are available in city records), the information in this article helps in estimating Watchtower's wealth. And let's not forget, there's still more of their property for sale in Brooklyn.

  Attorneys just love to know what corporations are worth when they consider taking on lawsuits against them, so for future lawsuits, it wouldn't be an overstatement to say that Watchtower's worth in the US alone would be IN THE BILLIONS.
  
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  Finkelstein

  it wouldn't be an overstatement to say that Watchtower's worth in the US alone would be IN THE BILLIONS.

  I would have to agree with that Barbra, taking in consideration of how many land property titles the WTS now has in the US alone.
  

  I laugh when the WTS heads GB say they are poor and ask kids can you pass on your candy money, we really need it.
  
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  ScenicViewer

  Kushner and his partners have spent more than $1 billion acquiring the Dumbo properties from the Jehovah’s Witnesses since 2013.

  Didn't he spend the $1 billion plus on just 3 properties? Major ones to be sure, but going by memory he bought 3 properties at well over $300 million each.

  That leaves approximately 30 other properties of various sizes that were either sold to other buyers or are still on the market. When all is finished the total take may well approach $2 billion, if not exceed it.
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  sparrowdown

  I agree it is useful to know what these bastards are actually worth $$$ god knows they spend a lot of time hiding it from rank and file.

  Thanks Barb.