, 11 tweets, 4 min read Read on Twitter
1/ Donald Trump has sold off $110 million worth of real estate since he became president of the United States. Let’s go on a tour. forbes.com/sites/danalexa…
2/ First stop: Spring Creek Towers in Brooklyn, N.Y., where Trump owned a 4% stake in America’s largest federally subsidized housing project. He and his partners sold the place for about $900 million, a deal HUD Secretary Ben Carson had to approve, according to property records.
3/ Next up: Rancho Palos Verdes, California, where Trump owns a golf course and a bunch of residential lots surrounding it. He has sold off 9 of those plots for a combined $19 million.
4/ To Vegas! Trump owns a bunch of hotel-condo units there, in partnership with fellow billionaire Phil Ruffin. Together, they took out a $30 million loan against the building shortly before the 2016 election. Trump has sold 96 units since taking office and paid off that loan.
5/ Then there’s Trump Park Ave, where Jared and Ivanka used to live in a penthouse owned by Ivanka's dad. Shortly they all moved to D.C., the president sold the place to a woman who runs a business touting access to Chinese officials. Trump's take: $15.9M. forbes.com/sites/chasewit…
6/ On the other side of the country, he sold a mansion in Beverly Hills, California to a company tied to Indonesian billionaire (and Trump business partner) Hary Tanoesoedibjo, who has talked about political ambitions of his own. That was another $13.5 million.
7/ Back in New York, Trump sold two units in Trump Parc East for a combined $5 million. One of those sales went to a mysterious buyer using a shell company called Koctagon LLC. More here: forbes.com/sites/danalexa…
8/ Trump got rid of a warehouse in North Charleston, South Carolina, for $4.1 million. He got another $3.2 million selling land in the Dominican Republic—the clearest violation of his pledge to do no new foreign deals while in office.
9/ Finally, he ditched some parking spots in Chicago, collecting an estimated $300K. And he got rid of residential real estate in Virgina, adding another $150K or so. Add it all up, and you get $110 million. Here’s the story, with @ChaseWithorn: forbes.com/sites/danalexa…
@ChaseWithorn 10/ The people signing the papers in these deals were mostly the president’s sons, Don Jr. and Eric, who have taken over day-to-day management of the Trump Organization while their father serves as president. The president still owned the properties at the time they sold.
@ChaseWithorn 11/ These numbers are through September 13, 2019. They’re still selling, so @ChaseWithorn and I will keep counting. Here’s the full breakdown from our most recent tally:
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