Steve Witkoff: “We owned our entire office portfolio at $60 a foot.”

“I think he had paid like $250 a square foot, but he had very little debt on it, maybe half debt. We owned our entire office portfolio at $60 a foot. That's how good our buys were in the mid and early 90s, moving up. And the Wall Street Journal was saying that we were in trouble because we had 85% debt on $65 a square footage basis.” (24:59–25:04)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.