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.
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