While discussing his latest report on the “steep decline” of business at President Donald Trump’s prized resort in Doral, Florida, Washington Post reporter David Fahrenthold revealed that he’s found two Trump properties that are actually thriving.
There’s a catch, however: Neither property has Trump’s name on them.
Writing on Twitter, Fahrenthold explained that not all of Trump’s big properties are failing, and that two of the ones doing the best at the moment don’t feature the Trump brand.
According to his earlier Washington Post report, “Trump owns a 30 percent share of two office buildings — one in New York and one in San Francisco — that earn him tens of millions in rent per year, according to estimates by real estate experts.”
The value of these two buildings have shot up since Trump announced his run for the presidency in 2015, the Post notes, even as the controversial real estate mogul’s brand-name properties have fallen on harder times over the last four years.
In fact, Bloomberg reported earlier this week that prices of condos at the president’s signature Trump Tower in Manhattan have crashed thanks in part to his toxic brand.
“No one wants in that building,” explained one man who recently struggled to sell his parents’ Trump Tower condo. “The name on the building became a problem.”