Brian Krassenstein

@krassenstein ↗

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Last Checked Dec. 13, 2022

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Tue May 21 19:47:15 +0000 2019

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Brian Krassenstein @krassenstein

- On April 19th 2019 (4 weeks ago) News breaks that the Qatar Investment Authority and Crown Acquisitions acquired the retail space under 666 5th from Vornado as part of a massive $5.56B portfolio deal. — PolitiTweet.org

Posted May 21, 2019 Hibernated

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Brian Krassenstein @krassenstein

- In April 2018 Kushner Companies buys back the 49.5% stake in 666 5th from Vornado for $120M - Vornado kept the retail space under the building. Vornado’s share of the 1.2B in debt was thus taken off their balance sheet, which was huge for the company. — PolitiTweet.org

Posted May 21, 2019 Hibernated

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Brian Krassenstein @krassenstein

Now you are still likely thinking, “yeah but Kushner didn’t own the retail space or have ties to Vornado any longer.” While that may be true to some extent, here’s the BOMBSHELL…. — PolitiTweet.org

Posted May 21, 2019 Hibernated