Report: Jarrett’s Property Investment Jumps in Value

Wednesday, 22 Aug 2012 01:06 PM

By Martin Gould

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama’s top political adviser, Valerie Jarrett, has made hundreds of thousands of dollars from a real estate deal at a time that property prices have slumped, it was reported Wednesday.

Jarrett, revealed in her 2011 financial disclosure documents that her 11 percent equity in a 46-story luxury apartment complex in Chicago is now worth between $1 million and $5 million. In 2010 she listed it as worth $250,000 reports the Washington Free Beacon.

The paper says the building, known as Kingsbury Plaza, is worth around $27.2 million according to Cook County records, but is assessed at only $6.8 million for tax purposes.

Jarrett has equity in the building through her work as president and CEO of Habitat, the company that developed Kingsbury Plaza, reports the Free Beacon. Habitat was founded by Daniel Levin, a major donor to Democratic causes.

Obama appointed Levin’s wife Fay Hartog Levin as ambassador to the Netherlands in 2009.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

O'Reilly: Colbert Has 'No Bleeping Clue' How to Fight ISIS

Monday, 29 Sep 2014 22:40 PM

Fox News host Bill O'Reilly shot back at Comedy Central's Stephen Colbert, who last week mocked O'Reilly's idea of a mer . . .

Vatican Sends Official to KC in Pedophile Shielding Case

Monday, 29 Sep 2014 21:39 PM

The Vatican has sent a church official to Kansas City to examine the leadership of Roman Catholic Bishop Robert Finn, wh . . .

Attorney: Psychiatric Exam Could Mean Jailed Marine's Freedom

Monday, 29 Sep 2014 20:48 PM

Andrew Tahmooressi, a Marine sergeant jailed in Mexico after he said he mistakenly crossed the border with three guns, w . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved