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Jared Kushner's sister courted potential EB-5 investors in China

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A widely criticized immigrant investor program is back in the spotlight after the sister of Jared Kushner, President Donald Trump’s senior adviser and son-in-law, courted investors for a family real estate project.

Nicole Meyer, Kushner’s sister, earlier this month was in Beijing seeking $150 million from Chinese investors for Kushner Companies’ One Journal Square, a Jersey City housing development, according to media reports.

The Kushner business seeks to raise funds for the project through the EB-5 immigrant investor program, which allows wealthy foreigners to invest at least $500,000 in American projects and in turn, if conditions are met, get lawful permanent residence in the United States.

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Closing date: 
Wednesday, September 20, 2017 - 19:30
Section: 
Business & Science