Jared Kushner’s Low-Income Renters Aren’t His Biggest Fans
With its gleaming headquarters on Manhattan’s Fifth Avenue and a bevy of luxury apartment complexes, Kushner Companies has a decidedly upscale feel.
But the real estate firm – once headed by President Trump son-in-law Jared Kushner – owns thousands of low-income units.
According to a report in The New York Times, these aren’t the happiest customers, with many on the receiving end of aggressive lawsuits.
Hundreds of tenants in the Baltimore area have been hounded for unpaid fees or rent, even when the truth seems to be on the tenants’ side.
Kushner Companies acquired many of the units more than a decade ago, when it was looking for a steady source of cash flow to finance its moves into the luxury market.
Kushner himself, now a White House senior adviser, has bragged about how much money he can pull out of low-income units.
“It’s proven over the last few years to be the most resilient asset class, and at the end of the day, it’s a very stable asset class,” he said.
“It was a lot of construction and a lot of evictions… But the communities now look great, and the outcome has been phenomenal.”
Contact Daniel J. Solomon at [email protected] or on Twitter @DanielJSolomon
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse..
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO
