Read previewAdam Neuman's post-WeWork venture Flow was launched with a $350 million check and stakes in six buildings.
Now, one of those buildings is struggling, and equity investors risk being wiped out.
Crowdfunding platform Yieldstreet, which has helped raise money for the property, recently told its equity investors that their investments could be wiped out.
Flow launched in 2022 with investments in six apartment buildings, including the now-troubled Nashville property, and a $350 million check from venture firm Andreessen Horowitz.
A Flow spokesperson sought to distance the Miami-based startup from the 2010 West End property, saying that Flow has never managed the building and is only the minority equity owner.
Persons:
—, Adam Neuman's, Andreessen Horowitz, Neumann, WeWork, Neumann's, Yieldstreet, Nazare, Adam Neumann, They're, they're
Organizations:
Service, Business, Nazare, Yieldstreet, BI, SEC
Locations:
Nashville, Miami, Denver, Fort Lauderdale