Kushner Companies did not take part in a roadshow to promote the company’s One Journal Square project this weekend, due to backlash over its pitch to Chinese EB-5 investors, reports the Real Deal.
Jared Kushner, who partially owns the real estate project and is President Trump’s son-in-law, is at the center of controversy over the company’s use of a federal visa program to raise $150 million from Chinese investors for two luxury buildings in New Jersey, according to the Washington Post.
This program allows foreign investors to easily get a visa, if they can invest at least $500,000 in an eligible project—critics have nicknamed it “visas for cash”, reports the Post.
Kushner’s sister, Nicole Kushner Meyer, received major backlash for her comments in Beijing on Saturday, where she said that One Journal Square, “means a lot to me and my entire family,”—she then proceeded to name drop her brother and said he worked in the White House, according to the New York Times.
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