“They said there was no chance it could fail.”
As it builds two luxury apartment buildings in Jersey City, the Kushner family is trying to raise $150 million from
Chinese investors through the so-called EB-5 program, which offers visas in exchange for a $500,000 investment.
They have helped find Chinese investors for many developers’ giant projects, including numerous luxury high-rises in Manhattan, a sprawling complex of apartment buildings in Brooklyn
and a golf course in Boca Raton, Fla. Last year, they brought Rudolph W. Giuliani, New York City’s onetime mayor, to Beijing to speak to potential investors.
Connecting Qiaowai with the Kushner family is Nicholas A. Mastroianni II, the chief executive of U. S. Immigration Fund.
