Kushner and his wife, Ivanka Trump, pushed for the Opportunity Zone tax breaks to be included in Trump’s 2017 tax overhaul. The breaks offer investors big cuts in capital gains taxes if they put money into businesses and buildings in 8,700 poor, struggling neighborhoods across the country that otherwise might not attract the money.

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Kushner co-founded Cadre with his brother, Joshua, and current CEO, Ryan Williams.

A Forbes magazine cover story last year said investors were shying away from the company given the links to Kushner and the Trump administration. It quoted CEO Williams saying, “I would be lying if I said the political angle wasn't frustrating or concerning. There are people who won't work with us, and we get that.”

Still, Kushner’s financial filings filed with federal ethics officials suggest the company isn’t doing so badly. The $25 million minimum value of Kushner’s stake at the end of last year is up sharply from three years ago when it was valued at at least $5 million.