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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.
The purchaser, an affiliate of Salt Lake City-based Bridge Investment Group, has added nine senior housing properties to its portfolio with the deal to acquire Somerby, which is headquartered in Birmingham, AL.