Adam Neumann’s Flow buys 50% stake in Wynwood apartments
Adam Neumann’s Flow bought a 50 percent stake in Society Wynwood, with plans to renovate and rebrand the property. Flow is now a co-owner with Toronto-based private equity firm Greybrook of the property at 176 Northwest 25th Street and 2431 Northwest Second Avenue in Miami, according to a Flow news release. Flow bought out PMG’s stake in the building. Greybrook, led by Peter Politis, and Miami-based PMG completed development of the 10-story, 318-unit Society Wynwood in 2024, records show. In August, the pair landed a $178 million refinancing from funds managed by Ares Management and Monarch Alternative Capital, taking out […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Nor’easter Threatens Outer Banks Homes on Verge of Collapse—and ‘Another 100’ Could Be Next
Latest billionaire request advances: Miami Beach commission to vote on Ken Griffin’s helipad
EXCLUSIVE: Gregg Allman’s Daughter Lists $750K Maryland Home—With Pieces From the Rock Legend’s Estate Up for Grabs
Trump Admin Says It’s Clearing the ‘Biden Backlog’ of Fair Housing Complaints, But Activists Disagree
Taylor Swift’s Eras Tour Dancer and ‘DWTS’ Pro Jan Ravnik Is a First-Time Homeowner: ‘It Was Kind of a Fight’
Where builder discounts are biggest and who is still buying
“We are #blessed”: South Florida’s top brokers talk Miami luxury living at The Real Deal’s Welcome to the New Miami event
‘The Real Housewives of Beverly Hills’ Star Diana Jenkins Diana Jenkins Is Leaving America—and Selling Her $23 Million Hidden Hills Compound
$50M bankruptcy sale in Miami’s Blue Lagoon falls apart as Caroline Weiss hospitalized
Airlines waive change fees ahead of nor'easter as flight delays trickle in
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131