WSJ News Exclusive | WeWork Co-Founder Adam Neumann Is Becoming an Apartment Mogul

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WSJ News Exclusive | WeWork Co-Founder Adam Neumann Is Becoming an Apartment Mogul
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Former WeWork CEO Adam Neumann is assembling an apartment empire, buying stakes in more than 4,000 units worth over $1 billion

Adam Neumann, who built office co-working giant WeWork before resigning as chief executive when his fortunes soured, has a new business venture under way: apartment landlord.

Entities tied to Mr. Neumann have been quietly acquiring majority stakes in more than 4,000 apartments valued at more than $1 billion in Miami, Atlanta, Nashville, Tenn., Fort Lauderdale, Fla., and other U.S. cities, according to court, property and corporate records and people familiar with the transactions. Many of these investments occurred within the past year.

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