Brookfield in talks to acquire stake in Kushner-owned tower: source

NEW YORK (Reuters) - Brookfield Property Partners is in talks to acquire a stake in a Fifth Avenue office tower majority owned by a company that was previously run by Jared Kushner, son-in-law of President Donald Trump, a source familiar with a potential deal said on Thursday.

Brookfield <BPY.O>, one of the world's largest real estate companies, would oversee the redevelopment of 666 Fifth Avenue, which is controlled by Kushner Companies, the source said.

Contrary to a published report, the Qatar Investment Authority is not an investor in the transaction, the source said.

(Reporting by Herbert Lash; Editing by Phil Berlowitz)

05/17/2018 15:15

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