Trump says he made more than $8M off Chicago tower last year

The president’s ethics disclosure said the property was one of several to generate more than $5M for him in 2017

TRD CHICAGO /
May.May 17, 2018 08:30 AM

President Donald Trump said he made more than $8 million off his Chicago tower last year (Credit: Getty Images and Trump Hotels)

President Trump made more than $8 million last year off his Chicago tower, according to his annual financial disclosure report.

The Trump International Hotel & Tower was one of several of the president’s assets last year with income of over $5 million, according to the filing with the U.S. Office of Government Ethics reported by Crain’s.

The report attributed the income to rent and condo sales in the building.

Trump pulled in $18,498 from condo sales in 2017 at the 92-story tower, which includes 486 units. That compared to the $90,000 he disclosed in the previous report, which covered 16 months.

Three Trump entities that draw management fees at the tower pulled in about $3.3 million last year. The previous year’s form disclosed $4.2 million in income from those entities.

Among the other Trump properties noted in the report, the Mar-a-Lago resort in Palm Beach, Florida took in more than $25 million.

The report comes as the Trump organization continues to try to lease the ground floor commercial space at 401 North Wabash Avenue, an effort that includes virtually no mention of the president’s ties to the building.  [Crain’s]John O’Brien


Related Articles

arrow_forward_ios

DeNiro-backed Nobu Hotel developer sues contractor, WeWork selling Gulfstream jet Neumann made his own: Daily dirt

PepsiCo CEO Ramon Laguarta and WeWork CEO Adam Neumann with the Old Post Office (Credit: Getty Images)

Space race: WeWork, PepsiCo may take a combined 320K sf at 601W Companies’ Old Post Office

Clockwise from left: 1521 North State Parkway, 1040 North Lake Shore Drive, 65 East Bellevue Place, and 21 East Huron Street (Credit: Redfin)

Near North Side dominates Chicago’s 5 priciest resi listings

From left: One Bennett Park, 403 North Wabash Avenue, 1109 West Washington Boulevard (Credit: Related and Redfin)

Here are the priciest home sales in Chicago last week

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

City Park District too broke to afford Sterling Bay’s gift, Chicago complex trades for $16M despite seller’s federal indictment: Daily digest

Former Chicago alderman Joe Moore

This ex-alderman was once a housing and real estate watchdog. Now he’s in the business

From left: A rendering of the project at 301 West Huron Street and 308 West Erie Street, North Wells Capital CEO Jim Fox, and the site at 320 West Huron Street (Credit: Google Maps and North Wells Capital)

North Wells Capital will add to its growing River North office development

arrow_forward_ios