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Most of them are rented not owned by weworks. WeWorks is in the business of subleasing.

• fragmede 7y ago
  Many of them are owned by Adam Neumann, who then leases it back out to WeWork.
  • ivalm 7y ago
    By many you mean 4 [0] out of 833 [1]. I agree that the fact the number is not 0 by now is somewhat unsavory, but at this point with all of wework expansion it's basically a rounding error (those 4 locations were among the first for weworks). [0] - https://www.bloomberg.com/news/articles/2019-08-14/wework-gave-founder-loans-as-it-paid-him-rent-ipo-filing-shows https://www.bloomberg.com/news/articles/2019-08-14/wework-ga... [1] - https://www.wework.com/locations https://www.wework.com/locations
    • unreal37 7y ago
      It's still a massive conflict of interest. The company lent him the money to buy those properties. Let's say in 2021, when WeWork is running out of money and needs to renegotiate its leases with landlords, is Adam going to lose money on that deal, or will WeWork magically avoiding needing to cut lease payments to him...? Massive conflict of interest. We seems to be designed to make Adam rich as it's primary business purpose.