Kushner Companies received a federal subpoena to release documents related to its rent-regulated properties in New York City.
The subpoena is part of an investigation by the Brooklyn U.S. Attorney’s office, following reports that Kushner filed documents purporting that the developer had no rent-regulated tenants at its properties, according to the Wall Street Journal.
“Kushner Companies has nothing to hide and is cooperating fully with all legitimate requests for information, including this subpoena,” a Kushner spokesperson said. “We believe that this subpoena, which has already been complied with, was issued based solely on an article that appeared in the press the day before it was issued.”
When Jared Kushner headed the company, he said the paperwork was filed by a third-party firm. The subpoena is seeking information on this third party. Attorney General Eric Schneiderman is also investigating the matter.
At the same time, prosecutors are looking into a $285 million loan the company received from Deutsche Bank one month before the election. Representatives for the developer have said they are cooperating with requests for information.
Last year, The Real Deal reported that the company failed to register any of its rent-stabilized apartments with the state, as required to receive the 421a tax break. [WSJ] — Kathryn Brenzel