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WeWork the tech company and WeWork the REIT are two forms of the same company. The tech company is high risk. The real estate portion is backed by assets.
by 8ytecoder 7y ago
WeWork the tech company and WeWork the REIT are two forms of the same company. The tech company is high risk. The real estate portion is backed by assets.
- harryh 7y agoWeWork owns very little property. For the most part they rent all the space that they then sublease to other tenants.
- 8ytecoder 7y agohttps://www.businessinsider.com/wework-ark-fund-to-buy-commerical-properties-2019-5 https://www.businessinsider.com/wework-ark-fund-to-buy-comme...
- tyingq 7y agoThe CEO apparently personally owns some properties and self deals them back to WeWork on lease terms. https://www.businessinsider.com/wework-ceo-adam-neumann-office-space-landlord-2019-1 https://www.businessinsider.com/wework-ceo-adam-neumann-offi...