"All the President's Tenants" - excellent research by Dan Alexander and Matt Drange

[fleur-de-lisa]

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Dan Alexander?Verified account @DanAlexander21 10:24 AM - 13 Feb 2018

Government ethics officials, charged with detecting conflicts of interest, have never seen the president’s rent roll. So we created one of our own. Let’s take a tour through Trumpland, to find out who is paying the president. All figures are estimates.

We’ll start at the president’s old home: Trump Tower. Gucci pays an estimated $21M – more than anyone in the Trump empire. The Industrial & Commercial Bank of China rents space on the 20th floor, which you can read about in our story.

Onto Niketown, which is connected to Trump Tower. The president’s lone tenant here, Nike, announced it is moving this spring, which leaves the Trump Organization searching for a new identity at one of its most important properties.

A few blocks away is Trump Parc East. Signs went up recently saying it has a new tenant, Pret A Manger. That’s a British company, but the Trump Organization, which promised no new foreign deals, is apparently okay with it because the deal is happening on U.S. soil

Just down the street, also overlooking Central Park, is Trump International Hotel & Tower, home to Jean-Georges Restaurant, where the president famously met with Mitt Romney during the transition.

A few blocks south sits 1290 Avenue of the Americas, where Trump has a 30% stake alongside publicly traded Vornado. Columbia University rents there, with an estimated $2.1M attributable to Trump.

Moving east, you hit Trump Park Avenue, where Capital One has a corner location. That company’s anti-money-laundering program is under investigation by the Treasury and Justice Departments, both of which are part of the executive branch that Trump oversees.

A few blocks away, you have Trump Plaza, where another foreign company (Lululemon of Canada) is moving in.

Across from the United Nations, the president owns space at Trump World Tower, where foreign diplomats can go get drinks at a bar or dinner at a restaurant after a day of work.

Downtown, there’s the Trump Building at 40 Wall Street, home to Duane Reade, which is also featured prominently in our story, with regards to its multibillion merger that needed federal approval.

Out in Brooklyn, two government entities—the New York City Department of Education and the United States Postal Service—rent space from a partnership in which Trump owns a 4% interest, according to his financial disclosure report.

In San Francisco, Trump owns a 30% interest (again, with Vornado) in the three-building complex at 555 California Street. One of the tenants there: the state-owned Bank of India.

But investigation is ongoing. @mattdrange and I believe we’ve tracked the sources for 75% of rent flowing into the Trump Organization, meaning there are millions we still haven’t pinned down. Send any tips you have to trumptenants [at]forbes [dot] com.

You can see our full list here: https://www.forbes.com/trump-tenants/#3e1995181d32

[dixiegrrrrl]

1. Excellent find. K & R n/t