4 ms·
When tenants go out of business you can rent your property to other tenants. If we work goes out of business, how will it hurt the owner of the property any mor
by pavs 8y ago
When tenants go out of business you can rent your property to other tenants. If we work goes out of business, how will it hurt the owner of the property any more than it would hurt anyone else who would be the owner of the property?
Unless of course they are giving a deep discount to Wework, which would be concerning.
- geofft 8y agoBecause the new owner of the property paid $850M for something that an experienced non-WeWork-affiliated landlord was ready to pay $700M for. So, either the new owner is correct that WeWork's model is sustainable will make them 21% more profit, or they'll be hurt once they try to turn into e.g. Brookfield (or sell their property to e.g. Brookfield for a loss).