Big Law

WeWork Launches $2.9B Investment, Management Platform

The parent company of WeWork is trying its hand at real estate investing with help from Canadian pension giant Ivanhoé Cambridge. The We Co. has set up a new property acquisition and management platform, dubbed ARK, with initial plans to deploy around $2.9 billion in total equity capital.

The newly formed platform builds upon the existing WeWork Property Advisors business, a joint venture between The We Co. and private equity firm Rhône Capital that has already picked up a slew of property assets, including the flagship Lord & Taylor building on Manhattan’s Fifth Avenue.

Read the source article at Commercial Real Estate News

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