Watch: WeWork's plan to set up a new division to buy buildings has some logic to it, rob_cyran explains.
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WeWork gets complex, but its problem is simpleThe shared-office firm has set up a unit to buy buildings as it readies for an IPO. It’s a way to hedge against rising lease costs and cash in on WeWork’s supposed halo effect. If tenants prove fickle or demand subsidies, though, the benefit of owning property only goes so far.
Read more »