President Trump's son in law Jared Kushner has struck a deal with a Chinese company regarding one of his family's New York City office buildings, reports CNBC.
The $4 billion deal for the building located at 666 Fifth Ave. includes the large cash payout to the Kushner's real estate company Kushner Companies.
Some real estate experts consider the terms of the deal's agreement unusually favorable for the Kushners, according to the Bloomberg report. The Manhattan tower has struggled financially and the family's company retains an equity stake in the partnership. A mortgage owed by the Kushners will also be reduced to a fifth of the current amount, according to documents obtained by Bloomberg.