Former WeWork CEO Making MultiFamily Moves
WeWork co-founder Adam Neumann is moving into the multifamily business.
Entities affiliated with Neumann have purchased majority stakes in over 4,000 traditional apartments over the past year, according to The Wall Street Journal. These investments total over $1 billion and are in locations throughout the south like Atlanta, Miami, Fort Lauderdale, and Nashville.
story continues below
loading...story continues above
Neumann has also indicated plans for introducing amenity-heavy rental apartments to the market. Amenities at those properties include coworking space, valet trash pick-up, and a barber shop. The amenity-centric experience was a major component of both the WeWork coworking and WeLive coliving brands.
Neumann stepped down as WeWork CEO in 2019 as the company prepared for an initial public offering; the WeLive brand has been phased out and as of last summer, the Virginia location is being run by coliving company Common.
See other articles related to: amenities, apartments, wework
This article originally published at https://dc.urbanturf.com/articles/blog/former-wework-ceo-making-multifamily-moves/19102.
Most Popular... This Week • Last 30 Days • Ever

This week's Best New Listings includes an expansive three-building property in Maryla... read »

UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »

As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »

Prices in Wesley Heights, a DC neighborhood to the south of Spring Valley bordered by... read »

Today, UrbanTurf takes a look at the distinct differences between these two popular f... read »
- Best New Listings: Three Buildings in Maryland, Two Bedrooms in Dupont and Views in Logan
- The Nearly 750 Projects in UrbanTurf's Pipeline
- The 8 Large Developments on the Boards From Anacostia to the Bridge District
- The DC Neighborhood Where Home Prices Have Risen The Most in 2023
- The Difference Between Condos and Co-ops
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro