Jared Kushner sold his stake in Monmouth Mall

[TexasTowelie]

Jared Kushner sold his stake in Monmouth Mall where his family's real estate company is planning a massive $500 million redevelopment project.

Financial disclosure forms for Kushner, the son-in-law of President Donald Trump and husband of Ivanka Trump, show the 36-year-old real estate mogul divested from three limited liability companies associated with the Eatontown mall and is in the process of divesting a liquor license at the mall.

The disclosure form indicated the value of his investments in the companies were worth between $3 million and $15 million with income ranging from $2.1 million to $11 million. It lists the liquor license value at $500,001 to $1 million.

By comparison, the 1.5 million square-foot Monmouth Mall is valued at $230 million. It is the largest single property tax contributor in Eatontown, paying $5.3 million in 2015. Watch the video above to learn about the proposed redevelopment.

Read more: http://www.app.com/story/news/politics/2017/07/22/jared-kushner-sold-his-stake-monmouth-mall/501995001/

[RGinNJ]

1. I've spent a lot of money at that mall.

Glad to see some investment going to Eatontown.

[Not Ruth]

2. worth between $3 million and $15 million with income ranging from $2.1 million to $11 million

Not sure how much profit there is, and profit is what really counts, not income, but that sounds like a lucrative ratio. Is that typical in real estate?