Kushner to Purchase Leesburg Apartments

Looks like the Trump real estate empire is expanding in Loudoun.

Kushner Companies of New York, run by Charles Kushner, the father of President Donald Trump’s son-in-law Jared Kushner, has reportedly agreed to pay more than $1 billion for a package of Lone Star apartment complexes in Maryland and Virginia, as first reported by The Wall Street Journal. The deal encompasses 6,030 units across 16 properties that boast an average occupancy rate near 95 percent.

The purchase includes two apartment complexes in Leesburg—The Manor, with 198 units, and Manor East, with 164, both located along Fort Evans Road. Home Properties, owned by Lone Star Funds, has acquired The Manor in 2006 for $7.1 million and purchased the Manor East in 2012 for $16.2 million.

A message left for a representative of Kushner Companies was not returned. An employee at The Manor apartments declined comment for the article.
krodriguez@loudounnow.com

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