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Jared Kushner’s Sister Highlights Family Ties in Pitch to Chinese Investors - The New York Times

posted onMay 8, 2017
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Article snippet: BEIJING — Jared Kushner has said that he has stepped away from the day-to-day business of his family’s real estate company while he serves as a senior adviser to his father-in-law, President Trump. But Mr. Kushner’s relatives are working feverishly to solicit overseas money for projects in the United States, and they are highlighting their ties to Mr. Kushner as they court investors. On Saturday afternoon, Mr. Kushner’s sister Nicole Meyer made a pitch to attract $150 million in financing for a Jersey City housing development, known as One Journal Square, to more than 100 Chinese investors gathered at the Ritz-Carlton Hotel in Beijing. The money would be provided through a much-criticized government program known as EB-5 that awards foreign investors a path to citizenship in exchange for investments of at least $500,000 in American development projects. Speaking in a ballroom, Ms. Meyer said the project “means a lot to me and my entire family.” She mentioned her brother’s service as chief executive of Kushner Companies, the family business from which he resigned in January, saying he had left to serve in the Trump administration. The project was advertised to Chinese investors as the latest offering from the “star Kushner real estate family.” The project, which includes two towers, 1,476 luxury apartments and even a medical center for pets, was promoted as “Kushner 1.” Construction is scheduled to begin in early 2018. Risa Heller, a spokeswoman for Kushner Compan... Link to the full article to read more

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