Adam Neumann Buys Affordable Housing in San Jose

Adam Neumann, ex-WeWork co-founder and Flow founder, is now investing big in San Jose real estate—leading the $175M purchase of The Fay, a 23-story downtown apartment building with 336 units. A key part of the deal? 197 units are reserved for middle-income essential workers like teachers, cops, and firefighters under the city’s LIVE initiative (Lower Income Voucher and Equity). Demand is already strong, with move-ins slated for August—aiming to cut commute times for city workers. This isn’t Neumann’s first San Jose real estate play—he also bought an office building in 2018 with plans to convert it to housing, but The Fay is his current focus. The move signals a bold push to make affordable housing a reality for the community. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/277d9eb860afa658