WeWork Founder Adam Neumann Brings ‘Conscious Community’ Real Estate Startup To Saudi Arabia
Forbes Daily Briefing
Forbes
4.6 • 12 Ratings
🗓️ 28 September 2024
⏱️ 5 minutes
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Summary
The co-working billionaire has opened a branch of his Andreessen Horowitz-backed co-living startup Flow in Riyadh.
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Transcript
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| 0:00.0 | Here is your Forbes Daily Briefing for Saturday, September 28th. |
| 0:05.0 | Today on Forbes, We Work founder Adam Newman brings conscious community real estate startup to Saudi Arabia. |
| 0:14.0 | Adam Newman's real estate startup Flow has quietly opened its first properties in Riyadh, |
| 0:20.0 | the capital of Saudi Arabia. |
| 0:22.0 | It's the latest extension of the billionaire's bid |
| 0:24.6 | to crack co-living and apartment rentals |
| 0:27.2 | after W. Live, his previous attempt at real estate, |
| 0:30.5 | was canned after he stepped down as We Work CEO. |
| 0:33.0 | After buying over $1 billion of apartment blocks over America's Sunbelt |
| 0:38.0 | and raising $350 million from Andresen Horowitz, |
| 0:42.0 | also known as A16Z, in 2022. |
| 0:45.0 | Newman has outfitted flow properties with co-working spaces, yoga classes, and hotel-style |
| 0:52.1 | housekeeping services in an attempt to bring quote community to housing complexes. |
| 0:58.0 | Flow Nargis quote soft launched in August, peddling so-called |
| 1:03.8 | conscious community and two and three bedroom |
| 1:06.8 | apartments in a compound in the an largess area |
| 1:09.7 | near Riots Airport. |
| 1:11.9 | The furnished apartments start from $3,500 a month and showcase |
| 1:15.4 | Flo's formula of bundling housing with services like laundry and housekeeping |
| 1:19.6 | and amenities like pools, gy pools, and bowling alleys. |
| 1:24.5 | A YouTube video shot in August by one of the first |
| 1:27.1 | residents of Flo Nargis |
... |
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