Wework Property Advisors LLC (New York)

Wework Property Advisors LLC is a large advisory firm based in New York. It manages $926.15 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2018.

Wework Property Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wework Property Advisors: assets under management

The assets under management (AUM) of Wework Property Advisors LLC is $926.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and $577.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $926.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.36 million each.

Wework Property Advisors has custody of $599.4 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wework Property Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wework Property Advisors serves?

The only and largest group of clients of Wework Property Advisors is pooled investment vehicles with 6 clients and $926.15 million of assets under management. Among the 5 most similar advisory firms, Wework Property Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $926.15 million for 6 clients. 50% of the firm’s clients are foreign persons or businesses.

Wework Property Advisors also advises several private funds. Namely, seven real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Wework Property Advisors LLC

The company employs 28 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rhone Group Ww Holdings Llc	Non-managing member	1 Feb 2017	50% - 75%	81-5046784
Michael Steven Langman	Management committee member	1 Feb 2017	Other	1732465
Franz Ferdinand Alfons Maria Buerstedde	Management committee member	1 Feb 2017	Other	6029470
Adam Neumann	Management committee member	1 Feb 2017	Other	6943210
Wework's Party To The Funds Gp Llc	Non-managing member	1 Feb 2017	50% - 75%	82-1017524
Richard Resat Gomel	Management committee member	1 Feb 2017	Other	5124792
Jennifer Michelle Lin	Chief compliance officer	1 Apr 2018	Other	4402284
Eric Louis Gross	Management committee member	1 Apr 2018	Other	4505798
Abdon Bolivar	Chief compliance officer	1 Aug 2018	Other	4002379
Janet Elise Miller	Chief compliance officer	1 Aug 2019	Other	6046594
Ark Investment Group Holdings Llc	Non-managing member	1 Aug 2019	75% - 100%	83-4264681
Jennifer Berrent	Management committee member	1 Aug 2019	Other	7035011
Michael J Gross	Management committee member	1 Aug 2019	Other	4056038
Peter Alan Greenspan	Management committee member	1 Aug 2019	Other	7177129

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
We Holdings Llc	Owner	1 Feb 2013	25% - 50%	27-2190783
Adam Neumann	Owner	1 Aug 2013	75% - 100%	6943210
Rhone Group L.L.C.	Owner	1 Jan 2017	75% - 100%	161731
Wework Companies Inc.	Owner	1 Feb 2017	75% - 100%	46-2918595
Eurazeo Se	Owner	1 Apr 2018	25% - 50%	foreign entity
We Holdings Llc	Owner	1 Jul 2019	25% - 50%	27-2190783
Wework Companies Llc	Owner	1 Jul 2019	75% - 100%	37-1949651
The We Company Management Holdings L.P.	Owner	1 Jul 2019	75% - 100%	foreign entity
The We Company Mc Llc	Owner & gp	1 Jul 2019	75% - 100%	na
The We Company	Owner	1 Jul 2019	75% - 100%	61-1936163
Jared William Dematteis	Manager	1 Jul 2019	Other	7177118
Adam Neumann	Owner	1 Jul 2019	50% - 75%	6943210
Mark Harris Fitzpatrick	Manager	1 Jul 2019	Other	3069794

Based in New York

The principal office where Wework Property Advisors LLC performs its advisory services is located at 414 West 14 Th Street, New York, NY 10014, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-685-8049. The normal business hours are 9am-5pm on Monday - Friday.