NEW YORK – Two months after Jared Kushner joined the White House as a senior adviser, his family firm sold a stake in a Brooklyn building to a unit of a company whose largest shareholder is the government of Japan.
The buyer of record in the $103-million deal for 175 Pearl St. was Normandy Real Estate Partners, a New Jersey-based investment firm. But documents filed in Tokyo show that it was operating on behalf of a subsidiary of Nippon Telegraph & Telephone Corp. By law, the Japanese government owns at least a third of NTT, in effect a controlling share.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
KEYWORDS
Shinzo Abe,
New York,
Taro Aso,
real estate,
NTT,
Robert Mueller,
conflict of interest,
Brooklyn,
Donald Trump,
Mike Pence,
Jared Kushner,
Normandy Real Estate Partners,
Invesco
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.