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Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.
WeWork announced today that it has received the $6-billion investment from Softbank. A total of $5 billion is in the form of primary growth capital and the remaining $1 billion is in secondary capital, which will be used to fund share purchases from investors and employees.
“This is the 4th hotel Hunter sold for Rockwood in 2018," says Teague Hunter, Hunter's president. "Its institutional-quality portfolio and sophisticated business style allowed the deal to move seamlessly through closing.”