Kushner Family Still Struggling With 666 Fifth Avenue

Kushner Family Still Struggling With 666 Fifth Avenue

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the financial challenges faced by Jared Kushner's company regarding the $1.2 billion mortgage on 666 5th Ave. The company has been seeking international investors from countries like China, Saudi Arabia, and Israel to either refinance the mortgage or invest in a redevelopment plan. Despite extensive efforts, no funds have been committed yet. The mortgage is due in February 2019, and the company remains optimistic about finding a solution, with contingency plans in place for either a grand redevelopment or updating existing office spaces.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the deadline for the mortgage payment mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What contingency plans does Kushner Companies have for the property?

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