Could Adam Neumann Be Shaking Up The Rental Housing Market?

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WeWork cofounder and former CEO Adam Neumann has reportedly purchased majority stakes in over 4,000 apartments across the U.S. 

Together, the apartments are worth over $1 billion. 

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 Sources tell the Wall Street Journal that Neumann is seeking to create a company that could impact the rental housing market.  

The apartments are located in cities such as Atlanta, Fort Lauderdale, Miami, and Nashville.  

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Most of the investments were made over the last year, with Neumann supposedly looking to attract young professionals who were attracted to WeWork’s former model.  

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