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Until recently I thought part of WeWork’s allure was they were a real estate play underneath the office value add. Incredible to me this isn’t the case and the
by eof 7y ago
Until recently I thought part of WeWork’s allure was they were a real estate play underneath the office value add.
Incredible to me this isn’t the case and they have this type of status. Especially with the recent “exposé” showing the CEO owns some of the buildings WeWork is leasing from.
- thomascgalvin 7y agoThere's a real estate play, but it's the CEO who's benefiting, not WeWork itself. A lot of the properties WeWork occupies are leased from Adam Neumann himself, or an entity he owns.