Kushner Companies subpoenaed over rent-regulated apartment filings

Company also investigated over Deutsche Bank loans

New York /
Apr.April 20, 2018 09:45 AM

Jared Kushner (Credit: Getty Images)

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 


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Sen. Charles Schumers aid President-elect Joe Biden agreed to assist NYC. (Getty)

NYC loses $2.5B in property taxes, gets $1B from FEMA

NYC loses $2.5B in property taxes, gets $1B from FEMA
President-elect Joe Biden's relief plan focuses on the coronavirus and opening schools. (Getty)

Biden’s $1.9T package would extend eviction ban, boost rent relief

Biden’s $1.9T package would extend eviction ban, boost rent relief
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)

Cuomo adds housing to $51B Midtown West project

Cuomo adds housing to $51B Midtown West project
Eric Trump and Donald Trump Jr. with President Donald Trump (Getty)

These are the companies dumping the Trump Organization

These are the companies dumping the Trump Organization
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...