"Kushner Cos. Exits Philadelphia With Sale of Property Stake"

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13 June 2018 Editor

"Kushner Cos. Exits Philadelphia With Sale of Property Stake" - NREIOnline.com

"(Bloomberg) - Kushner Cos. is leaving Philadelphia with the sale of its only asset in the city, a stake in an apartment-and-retail complex with a party-ready courtyard. The real estate firm once run by presidential son-in-law Jared Kushner sold its portion of Schmidt’s Commons, a 10-building complex in the Northern Liberties neighborhood, for $44.1 million, according to the buyer, Post Brothers. The company is a local apartment developer that had been eyeing the property ever since Kushner Cos. and Oaktree Capital Management LP acquired it five years ago..."

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