section_path: Business career/Real estate
section_name: Real estate
paragraph_text: Real estate
  
  Starting in 1968, Trump was employed at his father's real estate company, Trump Management, which owned racially segregated middle-class rental housing in New York City's outer boroughs. In 1971, his father made him president of the company and he began using the Trump Organization as an umbrella brand. Roy Cohn was Trump's fixer, lawyer, and mentor for 13 years in the 1970s and 1980s. In 1973, Cohn helped Trump countersue the U.S. government for $100 million (equivalent to $ 708 million in 2024) over its charges that Trump's properties had racially discriminatory practices. Trump's counterclaims were dismissed, and the government's case was settled with the Trumps signing a consent decree agreeing to desegregate; four years later, Trumps again faced the courts when they were found in contempt of the decree. Before age thirty, he showed his propensity for litigation, no matter the outcome and cost; even when he lost, he described the case as a win. Helping Trump projects, Cohn was a consigliere whose Mafia connections controlled construction unions. Cohn introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government. Between 1991 and 2009, he filed for Chapter 11 bankruptcy protection for six of his businesses: the Plaza Hotel in Manhattan, the casinos in Atlantic City, New Jersey, and the Trump Hotels & Casino Resorts company.
  
  In 1992, Trump, his siblings Maryanne, Elizabeth, and Robert, and his cousin John W. Walter, each with a 20 percent share, formed All County Building Supply & Maintenance Corp. The company had no offices and is alleged to have been a shell company for paying the vendors providing services and supplies for Trump's rental units, then billing those services and supplies to Trump Management with markups of 20–50 percent and more. The owners shared the proceeds generated by the markups. The increased costs were used to get state approval for increasing the rents of his rent-stabilized units. In January 1994, the siblings formed Apartment Management Associates and took over the management fees formerly collected by Trump Management. As well as inflating rents, the schemes served to transfer assets from Fred Trump to his children and nephew and lower the tax burden.