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WeWork Co-Founder Adam Neumann Is Turning into an Condo Mogul

WeWork Co-Founder Adam Neumann Is Turning into an Condo Mogul

Adam Neumann, who constructed workplace co-working large WeWork earlier than resigning as chief government when his fortunes soured, has a brand new enterprise enterprise beneath approach: condo landlord.

Entities tied to Mr. Neumann have been quietly buying majority stakes in additional than 4,000 flats valued at greater than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and different U.S. cities, in keeping with courtroom, property and company data and folks aware of the transactions. Many of those investments occurred inside the previous 12 months.

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