2019-10-16 —

``Brookfield bought the lease on the 666 Fifth Ave. property from Kushner Cos., which had paid $1.8B, backed by more than $1.2B in debt, for the building back in 2007... When Brookfield swooped in, it allowed Kushner to pay off its significant debt on the property, which needed multiple extensions from its lenders. Since then, the Qatari Investment Authority, which has invested in Brookfield Property Partners, realigned their investment strategy after it learned it had helped fund a "bailout" of the Kushner family's crown property jewel, Reuters reported. ''

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