Real Estate

Kushner sealed New York real estate deal with help from Israeli millionaire, report says

New York real estate

The nephew of an Israeli diamond trader billionaire helped US President Donald Trump’s son-in-law and senior adviser Jared Kushner to seal a major real estate deal in 2012, The New York Times reported Wednesday.

Raz Steinmetz — whose uncle, Beny Steinmetz, is being investigated for bribery — provided much of the $50 million (£38.67 million) down payment for a roughly $190 million (£146.88 million) deal to acquire dozens of Lower Manhattan apartment buildings, the paper said.

The newspaper also noted that while the 36-year-old resigned in January from the post of chief executive of his family’s firm, Kushner Companies, he is still the beneficiary of trusts that own the business.

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The author Paul