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WeWork’s Adam Neumann Returns to Real Estate With Startup Investment

The controversial businessman put $30 million into Alfred, a residential services company.

Alfred’s personalized hospitality services

Alfred’s personalized hospitality services

Source: helloalfred.com

Adam Neumann is back to exploring one of his WeWork-related passions: the future of residential living.

Neumann, WeWork’s co-founder who left last year during a floundering attempt to go public, invested $30 million in Alfred Club Inc., a startup that provides apartment buildings with services such as concierge-like staff and software to manage maintenance requests and other paperwork.