Trump companies sold $35 million in real estate in 2017: report

Trump companies sold $35 million in real estate in 2017: report
© Getty

President TrumpDonald TrumpSanders: Reinstating SALT deduction 'sends a terrible, terrible message' GOP braces for wild week with momentous vote One quick asylum fix: How Garland can help domestic violence survivors MORE’s companies sold more than $35 million in real estate last year to a variety of secretive buyers, USA Today reported Wednesday.

The Trump Organization sold 41 luxury condo units in Las Vegas last year, including one for $1.6 million, as well as properties in other parts of the country, the news outlet reported

A neurosurgeon, real estate investors and an attorney were among those who purchased properties using their limited liability companies, which allowed them to obscure their identities during the transaction, USA Today found.


The use of shell companies to purchase Trump properties has dramatically increased since Trump entered the political realm.

USA Today found in the two years prior to Trump receiving the GOP presidential nomination, only 4 percent of buyers used the tactic when purchasing Trump properties. In the year following his nomination, 70 percent of buyers used the tactic, according to the newspaper.

Trump said after winning the presidency he would put his business interests into a blind trust to be managed by his two adult sons, Donald Jr. and Eric. However, critics have said the president has not done enough to eliminate concerns over conflicts of interest.

A judge last month dismissed a lawsuit from a liberal watchdog group that claimed Trump was violating the emoluments clause of the Constitution by benefitting from his businesses while president.

The Trump Organization reached a buyout deal in November to walk away from the Trump SoHo, a luxury condominium-hotel in Lower Manhattan, after the property was bogged down in litigation since its opening.