BREAKING: QATAR is bailing out Kushner's real estate disaster 666 5th Ave. I've documented evidence suggesting that Qatar is the intermediary between Russia and Trump in Rosneft bribery deal, as previewed in Steele Dossier...
nytimes.com/2018/05/17/nyr…
nytimes.com/2018/05/17/nyr…
My timeline of this alleged scheme:
1. Russia sold 19.5% of giant Rosneft to Qatar (& Swiss Glencore) a month after election.
2. 4 days later, Qatari finance officials show up at Trump Tower
3. Nov.2017: Qatar-linked fund loans Kushner $184M. Now bailout shugerblog.com/2018/05/14/rus…
1. Russia sold 19.5% of giant Rosneft to Qatar (& Swiss Glencore) a month after election.
2. 4 days later, Qatari finance officials show up at Trump Tower
3. Nov.2017: Qatar-linked fund loans Kushner $184M. Now bailout shugerblog.com/2018/05/14/rus…
4. The question I'm working on: How much control does Qatar have in Brookfield Properties? NY Times story says "major." Other sources are more mixed. I'm waiting for details. Kushners are under the gun on 666 5th. It seems like a terrible investment: bloomberg.com/graphics/2017-…
5. I've seen reporting that Brookfield is worth $40 billion, and Qatar has 7%. On one hand, 7% isn't a lot. But it is $3 billion. That's a huge amount of money, and @WendySiegelman has more info on how QIA takes lead in many Brookfield projects. The NY Times offers more details.
6. Kushners “bought the office tower for a record-setting $1.8 billion (just before crash in 2008). But the building today only generates about half its annual mortgage payment, and 30 percent of the 41-story tower is vacant...”
7. “In late 2016, Kushners close to deal with Anbang, a giant Chinese insurance company with ties to the country’s ruling elite, and with a billionaire from Qatar, Hamad bin Jassim Al-Thani... to demolish the existing building at 666 Fifth and erecting $7.5B luxury super tower.”
8. NYTimes: “Brookfield has extensive ties to Qatar. QIA is the second-largest shareholder in Brookfield, ranking only behind Brookfield’s former parent company. QIA and Brookfield have teamed up on several real estate deals in the United States and elsewhere in recent years.”
9. Follow @WendySiegelman: "While QIA owns 7% of Brookfield, on specific projects QIA may have a larger stake, for example the 2017 20-F notes Brookfield and QIA each acquired a 25% interest in two multifamily developments from Canary Wharf."
10. As Bloomberg reported, the Kushner building is is a money pit: "666 Fifth Ave., lost $25M in 2017, after accounting for debt payments, as net income fell and interest on loans increased. That compares with a loss of $14.5M the previous year." bloomberg.com/news/articles/…
11. Bloomberg answers my key question h/t @maddow: "Kushner is nearing a deal w/ unit of Brookfield to salvage its over-leveraged tower. QIA is the **largest owner** of the the unit, Brookfield Property Partners LP, according to datacompiled by Bloomberg." bloomberg.com/news/articles/…
12. Apr.10,'18: Trump hosted Qatari Emir w/ dramatic reversal of tone:
“It’s a great honor to have the Amir of Qatar with us. He’s a friend of mine. A lot of purchases in the U.S."
Trump approved of Qatar making a lot of purchases in the U.S… like Manhattan real estate?
“It’s a great honor to have the Amir of Qatar with us. He’s a friend of mine. A lot of purchases in the U.S."
Trump approved of Qatar making a lot of purchases in the U.S… like Manhattan real estate?
