Real Estate: Properties, Licensing and Development Partners

The property network records Trump Organization businesses, overseas partners and family-linked development projects.

Development and licensing

The saved agreements identify Dar Global and Dar Al Arkan, Qatar’s Qatari Diar, Oman’s OMRAN and partners in India and Vietnam. Individual records identify the parties and the reported terms.^1–2

Properties and family projects

Property records include Mar-a-Lago, golf properties and other operating locations. The Albanian resort project also appears in the Ivanka and Kushner sections.^3–4

Domestic Emoluments Clause

House Oversight Democratic staff concluded that Secret Service payments to the president’s hotel violated the Domestic Emoluments Clause (Article II, Section 1, Clause 7).⁵

Article II, Section 1, Clause 7 — “and he shall not receive within that Period any other Emolument from the United States, or any of them.”⁶

Doral and Trump Tower mortgage financing

Axos Bank financed both properties in 2022. Each mortgage exceeded $50 million and matures in 2032. Doral’s rate was 4.90% and Trump Tower’s was 4.25%.⁷

Doral operating revenue

Trump Endeavor 12 LLC reported $121,861,496 in 2025 revenue from Doral.⁸

San Francisco joint venture

The trust held 30% of 555 California Service JV LLC, which operated commercial space with a Vornado subsidiary.⁹

AI generated report by Explorvia.com.