WSJ News Exclusive | WeWork Co-Founder Adam Neumann Is Becoming an Apartment Mogul

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Former WeWork CEO Adam Neumann is assembling an apartment empire, buying stakes in more than 4,000 units worth over $1 billion

Adam Neumann, who built office co-working giant WeWork before resigning as chief executive when his fortunes soured, has a new business venture under way: apartment landlord.

Entities tied to Mr. Neumann have been quietly acquiring majority stakes in more than 4,000 apartments valued at more than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and other U.S. cities, according to court, property and corporate records and people familiar with the transactions. Many of these investments occurred within the past year.

 

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Unaffordable housing in Not what America needs!

Shouldn’t this dude be in front of a grand jury

Oh no here he goes again. These people man.

'He’s quietly assembling an apartment empire.' Weird way of saying 'becoming a slumlord' but ok.

SOFTWARE DECELOPER HERE! QEE THE PEOPLE! LFG!

It is illegal to own another man. It should be illegal to own another man’s home. CriminalizeRent on primary residences.

WeCapitalism

Scammer

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Good for him. I hope he has a soul & reduces costs for renters as well.

No thank you

Here is a tip, don't work for or with this guy, don't give him any money, he will sell you something he doesn't own then leave the country and you will be broke and/or going to jail.

I’m sure he’s an excellent landlord, what with his history of measured, reasonable business behavior.

Greatest scammers has been whites

Okay

The HULU documentary about this when it crumbles is going to be fire

So it's pretty much WeWork without the work...

Sounds more like he's conned a whole bunch of investors into forgetting how badly he screwed them over with WeWork.

Great, just what we need, more moguls.

This is disgusting. We need housing regulations now.

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AGAIN, AT THE T O P!!!

How is he not banned from the real estate business

Eventually lower earning people will be outpriced and homeless. That's when the govt will put this vultures out of business. Basic needs like food and shelter outweigh capitalism.

'You will own nothing and you will be happy!'

They’re not apartments, they’re platforms!

whoever invests in this is an idiot

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