Where Does Jared Kushner Live? Ivanka Trump, Husband Shell Out $15,000 A Month On Rent

Ivanka Trump and husband Jared Kushner moved to Washington D.C. earlier this year after Ivanka’s father Donald Trump took office as the president of the United States. A new report Monday revealed the amount paid by the couple in rent every month for their new home.

Kushner, who is a senior adviser to President Trump, lives with his wife and three children – Arabella, Joseph and Theodore – in the posh Kalorama neighborhood of Washington D.C. With Ivanka officially becoming a federal employee after the announcement made by the White house, the area was a good choice for the couple as it is just about two miles from the White House.

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The couple pays $15,000 in monthly rent for their home, the Wall Street Journal reported Monday. The amount is about 2.5 percent of the house’s value after subtracting about $40,000 in insurance and taxes, which is typically paid by the landlord, the report said.

The house is owned by Chilean billionaire Andrónico Luksic, who had an initial investment of $5.5 million in it. The Journal said that it confirmed the monthly rent using documents filed by the landlord at the district’s housing department.

While local brokers said the rent was similar for other such properties in the neighborhood, some real estate experts told the Journal that it was a “terrible investment” for Luksic, who was losing out in the deal.

“[They’re] getting use of a $5.5 million home for far less than it normally costs to have a home of that value,” Joshua Adler, who owns multiple properties in the city, including a house in Kalorama, told the publication.

Luksic’s family is considered one of the richest in Chile with approximately $13.6 billion net worth, according to estimates by Forbes. Luksic’s relative Rodrigo Terré said that Ivanka Trump and Kushner have not met the businessman.