News for hackers. Stuff that matters.

A comment on Critics say WeWork is an overvalued real-estate play. Parent comment

Re:Critics say WeWork is an overvalued real-estate play by CPLX on Thursday October 19, 2017 @03:33PM (#15510899)
It may have changed very recently I suppose, but with that caveat aside I believe you are, in fact, mistaken. The business model for the company has always been lease arbitrage. There was discussion at one point[0] of them having a related entity to purchase real estate, but I'm not sure what came from that, and even in that plan it was to be a separate investment vehicle, not the VC backed company being discussed here.

[0]https://therealdeal.com/2016/10/14/wework-wants-to-become-a-...

[ Parent | on HN ]
Re:Critics say WeWork is an overvalued real-estate play by eric_h on Thursday October 19, 2017 @03:50PM (#15511023)
I heard, from someone who works for WeWork, that they do own at least some of the WeWork buildings in Manhattan. Admittedly it was a low level employee, so he could have been mistaken.
[ Parent | on HN ]