WeWork’s Investment Arm Was Supposed To Be A $3B Giant. Instead It’s Selling Assets And Defaulting On Loans When it was officially launched in May 2019, it was supposed to be a $2.9B office investment giant, with $1B of equity from one of the world’s biggest pension funds. Instead, WeWork’s investment division has turned into something far more complicated. WeWork Capital Advisors, as the division is currently known, is selling a significant portion of its assets and defaulting on loans. At one of the biggest buildings it owns, its largest tenant has stopped paying rent and wants a lease restructure. That tenant is WeWork itself. The coworking giant's fund management arm is only a small part of the overall WeWork business, and its issues are secondary to its fight to make a profit and stave off a cash crunch. But it serves up another example of a grand plan in the WeWork empire going awry. 
“Those legacy investments and businesses are not the company’s focus and they’re not devoting a lot of resource to them,” said Piper Sandler Managing Director Alex Goldfarb, who covers the companies shares. “Since [CEO] Sandeep Mathrani came in, the company has…  Read the full story here. | 
