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Home News CRE

Could Adam Neumann Be Shaking Up The Rental Housing Market?

Over the last year, former WeWork CEO and cofounder Adam Neumann purchased majority stakes in over 4,000 apartments, which are worth just over $1 billion.

Aayat AlibyAayat Ali
January 4, 2022
in CRE
Reading Time: 1 min read
A A
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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Source: Business Insider
Tags: CRE
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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