Kushner Companies-Anbang (Chinese Insurance Group) Windfall Deal
(The Basics)
No Special Deals for Future
Favors, Right
(Yeah, sure)
If after you read this story you still don’t think this “deal” stinks or favors China for any future inside contacts or whatever else they want from this White House, or that it’s
all on the up and up, then please allow me to enlighten you about the Easter
Bunny, Tooth Fairy, and Santa Claus, too.
This planned $4 billion
transaction includes terms that some real estate experts consider unusually
favorable for the Kushner’s.
It provides them with both a sizable cash payout ($400
million) from the Chinese Anbang Insurance Group for a property that
has struggled financially and an equity stake in a new partnership (refer to chart above for the other niceties).
There is a lot of nuts and
bolts to this story from Bloomberg that continues here. It is very good stuff for sure and boy does it leave a lot of room for tons of questions and answers.
So, keep on top of this story — more updates later, I am sure. Thanks for stopping by.
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