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Profiting off pain: Trump confidant cashed in on housing crisis

One of President Donald Trump’s closest friends and confidants took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord – buying up homes, bumping up rents and allowing the properties to fall into disrepair.

The Trump Era

After the bubble burst

This episode of Reveal takes you into the world of people who are still profiting from America’s housing bust, from rent-to-own investors in Detroit to President Donald Trump’s best friend, a real estate mogul.


Trump friend Thomas Barrack cashes out of Colony Starwood Homes

Thomas Barrack, a close confidant of President Donald Trump’s, has walked away from the rental housing empire he built following the housing bust, cashing out his ownership stake in a move likely to make him hundreds of millions of dollars. The move came late Friday, one day after Reveal published an exposé on the company he founded.

Jun 9, 2017
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