Trump sold $35 million in real estate in 2018—over half came from a deal requiring HUD approval

561
CNN / YouTube White House releases details on Trump 1541594015.jpg...
Donald Trump CNN / YouTube

Most of Donald Trump’s $35 million in real estate deals in 2018 came with a huge political footnote attached to them. A Forbes analysis found the largest deal, yielding $20 million to Trump, came from the sale of a $900 million federally subsidized housing complex in which the Trump Organization had a 4 percent stake. The Department of Housing & Urban Development had to approve the sale. In other words, the Trump Organization, which is still owned by Trump, needed permission from HUD, which reports to Trump as pr*sident, to turn a profit through a Brooklyn real estate deal. And guess what: HUD greenlit the deal.

Trump also took in another $5.5 million from 36 units sold in a 64-story Las Vegas tower. The catch? About a third of those units were bought by buyers hiding behind limited liability companies so they wouldn’t have to disclose their identities. In 2017, USA Today reported that during the two years before Trump became the GOP nominee, only 4 percent of Trump’s building units were acquired by LLCs. So now that Trump’s pr*sident, anonymous people are lining his pockets with real estate purchases cloaked through LLCs.

Remember when Trump made a big show of stacking up all the paperwork he was signing in order supposedly to clear up his conflicts of interest and forfeit management of his businesses? Yeah, he’s still getting that money.

Trump and his personal tax attorney Sheri Dillon speak talk about Trump transferring control of his businesses to his children.
Trump with attorney Sheri Dillon pretending to end his conflicts of interest 
Thank you to all who already support our work since we could not exist without your generosity. If you have not already, please consider supporting us on Patreon to ensure we can continue bringing you the best of independent journalism.

Leave a Comment

3 Comments on "Trump sold $35 million in real estate in 2018—over half came from a deal requiring HUD approval"

avatar
  Subscribe  
newest oldest most voted
Notify of
Robert Burnett
Guest
Robert Burnett

He’s using this office to rob the American people and we are to damn stupid to do anything. No wonder God gave us Trump. He wanted to see just how stupid we are.

Michael owens
Guest
Michael owens

Sad but true. Surely 340m people can get rid of this stain on humanity, called DT…

Rick Bevilacqua
Guest
Rick Bevilacqua
To get rid of Trump, you have to get rid of every f@cking Republican in office. Read Jane Mayer’s book “Dark Money”. You will learn, if you don’t know already, that the Republicans, and particularly the so-called ‘Freedom Caucus’ are just shills for rich industrial ‘libertarians’. They want no taxes, no regulations- sound familiar? – and essentially no government. They only want government to protect them from foreign invasion, and to protect their property rights. Everyone and everything else can go to hell. The Republicans Congress is owned by the Koch Bros. (who have been sued over and over for… Read more »