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Jared Kushner Just Bought 6,000 Apartments For $1 Billion

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The current state of affairs in American politics is that the man who is somehow still President of the United States and leader of the free world is essentially a corrupt business man who inherited his fortune from his father and an attention seeking reality star. One of the many, many obviously negative consequences of having this kind of person rule over our lives from the Oval Office is the fact that the aides, advisors and other senior officials he is going to appoint in the White House will clearly not be the most capable or appropriate people for the job.

The classic example of this in the White House of President Donald Trump is Jared Kushner, who currently serves as a Senior Adviser to the President, as well as occupying a whole bunch of other senior and highly influential positions within the administration. It is perfectly obvious that he only got that job because he happens to be married to Ivanka Trump, the daughter of the President, who herself has a totally made-up position – First Daughter – which never existed before Donald Trump was elected President.

Jared Kushner has, of course, been involved in more than his fair share of controveries in the two years or so that he has been working in the White House. As it turned out, though, he was not content with the scandals he had already brought on himself, so he decided to go ahead and spend over $1.1 billion on around 6,000 apartments:

Kushner Cos., the property company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, acquired a rental-apartment portfolio for $1.15 billion, the firm’s biggest purchase in more than a decade. The company bought 6,030 apartments across 16 properties in Maryland and Virginia from private equity firm Lone Star Funds, said a representative for Michael Campbell of the Carlton Group, a real estate investment bank which is helping to arrange financing for the deal.

Kushner Cos. President Laurent Morali and spokeswoman Karen Zabarsky didn’t return multiple messages seeking comment. Christina Pretto, a spokeswoman for Lone Star, declined to comment. The deal was reported earlier today by the Wall Street Journal. The purchase from Lone Star is the latest sign that Kushner Cos. is returning to its roots after it sold almost $2 billion of suburban apartments in 2007 to help finance the purchase of 666 Fifth Ave, a 41-story Manhattan office tower. Now, it has slowly been transitioning away from New York City and back to the sprawling multifamily complexes that Charlie Kushner, Jared’s father, built his fortune on.

Who knows how he thought this could ever play out well in the media.


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