Adam Neuman's post-WeWork venture was launched with a $350 million check and stakes in 6 buildings. Now, one of those buildings, a 358-unit apartment complex in Nashville, is struggling. The property has required millions in capital calls, and equity investors risk being wiped out.
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You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Adam 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.
Marketed as "a beacon of luxury living in the heart of downtown Nashville," 2010 West End Street is a 358-unit apartment complex that has lost over $7 million between 2022 and 2023. Crowdfunding platform Yieldstreet, which has helped raise money for the property, recently told its equity investors that their investments could be wiped out. YieldStreet, which co-owns the building with Flow, said the owners are in discussions with the building's lender to salvage the deal, either through a sale.