Trump Sold Property worth $118 Million since Taking Presidency
After Donald Trump won the 2016 election, business inside the Trump Organization slowed down. Hotels and apartment buildings scraped the Trump brand off of their projects. Luckily for Trump, he entered the Oval Office sitting on a lot of inventory—luxury apartments, undeveloped lots and other real estate he has acquired over the years. Since he took office, his sons have unloaded $118 million worth of the president’s real estate since his January 2017 inauguration, striking deals everywhere from New York City and Los Angeles to Charleston, South Carolina and the Dominican Republic. Nearly all of the sales came before 2020, when the pandemic slammed real estate values. The Trumps have bought almost nothing with their newly gained cash. Instead, they mostly seem to be using the money to tend to their properties and pay down debt. The Trumps appear to be looking to sell even more assets. Last year, they explored offloading the Trump International Hotel in Washington, D.C.—at an asking price well above what it was likely worth. Recently they reportedly began to consider letting go of Seven Springs, the lavish Westchester, New York compound Trump has owned for years but has been unable to commercially develop.
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