Kushner Companies subpoenaed over rent-regulated apartment filings

Company also investigated over Deutsche Bank loans

TRD 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

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”

Some landlords say they plan to close the door to vacant apartments and wait for the laws to change (Credit: iStock)

Creative ways NYC landlords are getting around the new rent rules

Jay Martin, James Whelan and Joe Strasburg

Rent-pocalypse 2.0: Real estate industry reacts to tenant demands

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

Alexandria Ocasio-Cortez, Bernie Sanders and Elizabeth Warren

By the numbers: Breaking down national housing agendas from the far left

Cases to challenge tenant residency have declined since June (Credit: iStock)

More rent-law fallout: Landlords back off “absentee” tenants

Nuveen CEO Vijay Advani, Blackstone President & COO Jonathan Gray and one of the Texas properties

Blackstone just sold off a 29M sf national industrial portfolio

arrow_forward_ios