The Brooklyn Eagle reports that The Kushner Cos. have dropped out of a deal to buy 90 Sands St. (photo), a building owned by the Jehovah’s Witnesses. Kushner Cos. has purchased a handful of properties that used to belong to the religious organization.
The company, which was headed by Jared Kushner until he stepped away to serve as senior adviser to his father-in-law, President Donald Trump, and its investment partners agreed in 2013 to purchase 90 Sands St. as part of a package of Watchtower properties.
The plan was for the Jehovah’s Witnesses to continue to use the hotel until 2017, then close on its sale.
Now, one of Kushner Cos.’ investment partners, RFR, has made the hotel purchase on its own.
According to the article, Kushner Cos. and its investment partners have spent $1 billion on purchases of Watchtower properties.
Get the full story at the Eagle…
Photo: C. Scales for BHB.