Details divulged in the prospectus for WeWork’s bond issue last year showed that the company expects to pay around $111m in rent on buildings partially owned by officers over the lifetime of the leases. The company’s chief executive, Anthony Noto, said he was “very pleased” with the deal and would be looking forward to working closely with its tenants.
Details divulged in the prospectus for WeWork’s bond issue last year showed that the company expects to pay around $111m in rent on buildings partially owned by officers over the lifetime of the leases. This is on top of $12m paid between 2016 and 2017.