“I beat China all the time,” Trump stated throughout a speech at the time from Trump Tower, including, “I own a big chunk of the Bank of America building [in San Francisco] and 1290 Avenue of the Americas that I got from China in a war. Very valuable. I love China.”

A New York Occasions article in 2016, nevertheless, reported that Trump had to accept 30 p.c possession of each buildings. Trump continues to personal that share of each properties, that are touted below the actual property portfolio part of the Trump Group’s website.

Trump is thought-about a passive investor who doesn’t management the financing or administration of 1290 Avenue of the Americas. The primary investor is Vornado Realty Belief, which owns 70 p.c.