Skip to comments.Report: Jarrett’s Property Investment Jumps in Value
Posted on 08/22/2012 11:25:41 AM PDT by yoe
President Barack Obamas top political adviser, Valerie Jarrett, has made hundreds of thousands of dollars from a real estate deal at a time that property prices have slumped, it was reported Wednesday.
Jarrett, revealed in her 2011 financial disclosure documents that her 11 percent equity in a 46-story luxury apartment complex in Chicago is now worth between $1 million and $5 million. In 2010 she listed it as worth $250,000 reports the Washington Free Beacon.
The paper says the building, known as Kingsbury Plaza, is worth around $27.2 million according to Cook County records, but is assessed at only $6.8 million for tax purposes.
Jarrett has equity in the building through her work as president and CEO of Habitat, the company that developed Kingsbury Plaza, reports the Free Beacon. Habitat was founded by Daniel Levin, a major donor to Democratic causes.
Obama appointed Levins wife Fay Hartog Levin as ambassador to the Netherlands in 2009.
(Excerpt) Read more at newsmax.com ...
Obama doesnt do ANYTHING without Valerie Jarretts approval. One can look at her family tree .Vernon Jarrett ( her father in law) tied to the Communist Party. Her mother Barbara Bowman who is tied to the Erik Erickson Institute. Bill Ayers considers Barbara Bowman a Friend.
The 1960s Civil Rights activist John McKnight, a follower of socialist street agitator Saul Alinsky, McKnight was also one of the pioneers of community organizing in Chicago. Both Obama and Jarrett, more so Obama, closely associated with this Saul Alinsky devotee. He even wrote a letter of recommendation to Harvard Law School...the only professor to do so...Obama's grades were not that good.
The Repubs should go full frontal assault and REVEAL 0BAMA, JARRETT, AND THEIR ILK FOR WHAT THEY ARE. The era of hiding the truth of 0bama and everyone surrounding him is OVER. Almost everyone in 0bama’s family was/is a Marxist or Communist, EVEN HIS GRANDPARENTS! Rezko, Jarrett, Ayers.. Someone at the convention needs to lifT the veil of secrecy off of 0bama and expose him for the traitor that he is. Never has the true ideology of a president been so well hidden from public knowledge and THE MEDIA IS COMPLICIT.
Obama's "community organizing" left Chicago neighborhoods in ruins.
Grim proving ground for Obama's housing policy
"About 99 of the units are vacant, many rendered uninhabitable by unfixed problems, such as collapsed roofs and fire damage. Mice scamper through the halls. Battered mailboxes hang open. Sewage backs up into kitchen sinks. In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale - a score so bad the buildings now face demolition."
Funny how the only people in America who aren’t suffering in this economy are Obama’s cronies. They’re all piling up excess profits,even though they are all on the taxpayers’ dime.
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