WeWork could default on some of its real estate obligations , and owners of buildings in which the company occupies a significant amount of space should be concerned , real estate developer Tim Peebles has warned . Citing possible issues with capital , he said WeWork will likely need to terminate leases to stay afloat , adding that properties in which WeWork is a tenant will have their $ ##s discounted when they go to market .
WeWork could default on some of its real estate obligations, and owners of buildings in which the company occupies a significant amount of space should be concerned, real estate entrepreneur Don Peebles has warned. Citing possible issues accessing capital, Peebles said WeWork will likely need to terminate leases to stay afloat, adding that properties in which WeWork is a tenant will have their capitalisation rate discounted when they go to market.