With debt, the new vehicle will wield roughly $1 billion to buy or lease U.S. real estate and cover expenses such as the cost of converting properties, said Gery, who previously held roles at WeWork, Morgans Hotel Group and Marriott International. Selina , a Panama - based start - up that provides digital nomads with accommodation , co - working spaces and social activities is in talks with Bank of America about raising $ 500 ##m to launch an investment fund dedicated to US real estate . With this , the fund is expected to have $ 1bn to buy or lease and convert properties . The idea is similar to ARK , the real estate investment platform founded by WeWork . Adam Neumann , founder and former CEO of WeWork , participated in a $ 95 m funding round in April 2018 . In January 2019 Selina raised a further $ 100 m at a valuation of $ 850 m .
Selina , a Panama - based start - up that provides digital nomads with accommodation , co - working spaces and social activities is in talks with Bank of America about raising $ 500 ##m to launch an investment fund dedicated to US real estate . With this , the fund is expected to have $ 1bn to buy or lease and convert properties . The idea is similar to ARK , the real estate investment platform founded by WeWork . Adam Neumann , founder and former CEO of WeWork , participated in a $ 95 m funding round in April 2018 . In January 2019 Selina raised a further $ 100 m at a valuation of $ 850 m .