Wendy Silverstein, a New York real estate veteran who joined WeWork last fall to lead its investment vehicle known as ARK, resigned last week, The Real Deal has learned. Wendy Silverstein, co-head of WeWork’s real estate investment arm, is reportedly the latest in a series of at least a half dozen prominent employees to leave the firm. Silverstein stepped down from her position at the investment unit, known as ARK, and is spending time caring for her elderly parents. The company has not yet announced any plans to replace her, but it will be interesting to see if she can find another job that doesn’t require so much travel. Rich Gomel, ARK’s MD, will continue to lead the fund, and Larry Fuchs, MD of alternative investments at JPMorgan Asset Management, is understood to be joining the real estate investment arm, according to a person familiar with the matter. WeWork has also lost nearly a dozen HR executives and managers in the last year.
Wendy Silverstein, co-head of WeWork’s real estate investment arm, is reportedly the latest in a series of at least a half dozen prominent employees to leave the firm. Silverstein stepped down from her position at the investment unit, known as ARK, and is spending time caring for her elderly parents. The company has not yet announced any plans to replace her, but it will be interesting to see if she can find another job that doesn’t require so much travel. Rich Gomel, ARK’s MD, will continue to lead the fund, and Larry Fuchs, MD of alternative investments at JPMorgan Asset Management, is understood to be joining the real estate investment arm, according to a person familiar with the matter. WeWork has also lost nearly a dozen HR executives and managers in the last year.