Trump’s Son-in-Law Hasn’t Given Up Real Estate For Politics Yet
ByHe’s become Donald’s defender. But Jared Kushner is still a property mogul, now with a new way to make money.
This spring, the real estate startup Cadre e-mailed a small group of investors, offering them the chance to buy part of a 100,000-square-foot office building in Greenwich, Conn. They were directed to a web page where they could see video from a drone flyover and listen to the owner describe why he’s selling property to a bunch of strangers. Within two weeks, the company had a dozen clients taking part in a $60 million deal.
Cadre is a technology platform not unlike crowdfunding. But instead of making it easier for just anyone to buy a piece of a building, the company is wooing family offices and pension funds that currently put their money in real estate through private equity. The sell? Lower fees, greater transparency, and the opportunity to customize their portfolios. The company has closed transactions totaling more than $200 million so far this year, said Chief Executive Officer Ryan Williams, 28…
Trump’s Son-in-Law Hasn’t Given Up Real Estate For Politics Yet
