The Kushner family is engaged in an 'unusually favorable deal' with a Chinese company

Kushner family building.
(Image credit: Stephen Chernin/Getty Images)

A company owned by the family of President Trump's son-in-law, Jared Kushner, is prepared to receive more than $400 million from Anbang Insurance Group, a Chinese firm that is investing in the Kushners' office tower on Fifth Avenue in Manhattan. While Jared Kushner previously sold his ownership of the building to his family, the deal is nevertheless raising concerns about everything from potential conflicts of interest to espionage, Bloomberg reports.

Some real estate experts described the deal with Anbang as "unusually favorable for the Kushners," Bloomberg adds. Additionally, "the company's ties to the Chinese government are sufficiently unclear that former President Barack Obama declined to stay at the Waldorf [Astoria] after Anbang bought it because of fears of espionage," Bloomberg writes. "Now Anbang will be business partners with in-laws of the First Family."

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.