Ivanka has been taught by the BEST of the moguls. For those who thought SHE might inject some rationality into the insanity of Con World now know their hopes are dead.

Unbelievable.

I think the Daddy daughter love goes both ways. She married a man who is just like her Daddy. Her daddy has said would sleep with her, if she wasn't his daughter.

Could you sum up the end of the story for me? Just a sentence or two. Please?

****So Warren was startled in January 2013, three years later, when she received a summons from a private process server informing her that she was being sued for $3,014.08 by the owner of Cove Village. The lawsuit, filed in Maryland District Court, was doubly bewildering. It claimed she owed the money for having left in advance of her lease’s expiration, though she had received written permission to leave. And the company suing her was not Sawyer, but one whose name she didn’t recognize: JK2 Westminster L.L.C.

If the case was confounding to Warren, it was not unique. Hundreds like it have been filed over the last five years by JK2 Westminster and affiliated businesses in the state of Maryland alone, where the company owns some 8,000 apartments and townhouses. Nor was JK2 Westminster quite as anonymous as its opaque name suggested. It was a subsidiary of a large New York real estate firm called Kushner Companies, which was led by a young man whose initials happened to be J.K.: Jared Kushner.


A year later, in August 2012, a Kushner-led investment group bought 5,500 multifamily units in the Baltimore area with $371 million in financing from Freddie Mac, the government-backed mortgage lender — another considerable bargain. Two years later, Kushner Companies picked up three more complexes in the Baltimore area for $37.9 million. Today, Westminster Management, Kushner Companies’ property-management arm, lists 34 complexes under its control in Maryland, Ohio and New Jersey, with a total of close to 20,000 units.****


Essentially, JK is a slumlord. He bought properties through Freddie Mac (govt. backed money) and then never bothered to fix problems in apartments mostly filled by those with Section 8 vouchers. Tenants would get permission to transfer their section 8 vouchers and then he would sue for back rent/ leaving their tenant agreements early.

He'd win. Of course, right?

He'd also brag about what a good job he was doing.

*****Kushner raved about the promise of the low-end multifamily market. “It’s proven over the last few years to be the most resilient asset class, and at the end of the day, it’s a very stable asset class,” he told Multifamily Executive. He said things were proceeding well in the Midwestern complexes he purchased a year earlier. “It was a lot of construction and a lot of evictions,” he said. “But the communities now look great, and the outcome has been phenomenal.”****