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President Trump earns between $100,001 - $1,000,000 in rent from Storage 106 LLC, a business entity which was formed two weeks ahead of the President's inauguration. Storage 106 LLC then transferred power of attorney to the Board of Managers of Trump Parc Condominium.

On Friday, June 16, 2017, President Donald J. Trump’s financial disclosure report was released by the U.S. Office of Government Ethics.

President Trump listed numerous entities as part of the reporting of his employment assets and income for the period. The Office of Government Ethics defines employment related income as that which covers a filer’s “non-investment activities” and retirement accounts.

A filer must report assets related to employment if the value of the asset is greater than $1,000 at the end of the reporting period or if the asset produced income greater than $200 during the reporting period.

According to the President’s report, he earns between $100,001 – $1,000,000 in rent from Storage 106 LLC, an asset valued between $5,000,001 and $25,000,000.

The Donald J. Trump Revocable Trust maintains 100% ownership of Storage 106 LLC.

Storage 106 LLC was incorporated as a domestic limited liability entity in the State of Delaware (File No. 6272813) on January 5, 2017, fifteen days prior to the President’s inauguration.

While New York City’s Finance Department indicates Storage 106 LLC’s deed was filed on January 23, 2017, the documents suggest the deed was initiated a year prior on January 12, 2016.

The deed document records the transfer of a garage and multiple condominium units located at 106 Central Park South from the ownership of Trump Palace/Parc LLC to Storage 106 LLC.

On January 11, 2017, power of attorney for Storage 106 LLC was transferred to the Board of Managers of Trump Parc Condominium.

President Trump signed the deed as both the…

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