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May 16, 2019 Comments (0) Views: 142 National News, New York News, Northeast, Properties

The We Company Launches ARK, Real Estate Acquisition & Management Platform

New York-based The We Company launched ARK, a global real estate acquisition and management platform. ARK will focus on acquiring, developing, and managing real estate assets in global gateway cities and high-growth secondary markets that will benefit from WeWork’s occupancy.

ARK will initially deploy $2.9 billion in total equity capital following its combination with WeWork Property Advisors, an investment advisor affiliated with The We Company and Rhône Group, and will combine with ARK as part of the launch. Ivanhoé Cambridge is providing substantial capital and support to the platform.

WeWork will use its space-as-a-service model in ARK owned or operated properties for its member companies, including its growing roster of enterprise businesses, which now represent more than 40% of global memberships, in conjunction with its anchor tenant strategy. The We Company’s site selection process and proprietary technology, as well as its relationships with partners and enterprise member companies, will be leveraged to access a broad range of real estate opportunities.

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