Story: WeWork to Set Up Real Estate Investment Fund

From Veronika Bondarenko at Inman on May 15, 2019:

The We Company, which is the parent company of the co-working platform WeWork, is setting up a new real estate investment fund for commercial projects around the world. Titled Ark, the new investment platform will have a fund of $2.9 billion, $1 billion of which comes from Canadian-based investor unit Ivanhoé Cambridge. The fund will allow the We Company, which has last been valued at $47 billion but reported a $1.93 billion loss in 2018, to buy property for various WeWork services and spaces.

Image courtesy of Inman.

Image courtesy of Inman.

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Nico Hohman