Bisnow/Miriam Hall TPG Real Estate Finance Trust CEO Greta Guggenheim, ARK Head of Capital Markets Candice King and Goldman Sachs Vice President Neha Santiago “I think it’s easy for people to just read a few articles and make an assumption and not really dig in,” said Candice King, the head of capital markets for ARK, The We Company’s real estate private equity platform.
King was speaking on a panel at the NYU Schack Institute of Real Estate’s National Symposium of Women In Real Estate Thursday, in response to a question from the moderator on how she speaks to lenders in the wake of WeWork’s turmoil.
She said WeWork had proven there is widespread demand for office tenants seeking out flexible workspace, and acknowledged that it is “easy to write off” coworking as a fad. “It’s important for lenders to look at the fundamentals of each opportunity.
Not paint everything with a broad brush, because there is a lot of noise … When there is noise, there is often opportunity,” she said.
” The We Company announced the launch of ARK in May, with a view of deploying $2.9B equity for the acquisition, development and management of real estate assets.
Ivanhoé Cambridge a subsidiary of Caisse de dépôt et placement du Québec provided Want to get a jump start on upcoming deals? Meet the major New York City players at one of our upcoming events! Amid a slew of bad news that only seems to get worse for WeWork, one of its executives Thursday warned against painting coworking deals with a “broad brush.
