Five months after the co-working firm Bond Collective signed a 42,000-square-foot lease in a Brooklyn office building, the property’s owners flipped it for a hefty profit.
“Hey, we can essentially do the same thing,” Bond Collective founder Shlomo Silber recalled thinking after learning of the sale.
Four years later, the firm is co-managing its own real-estate fund. The fund owns stakes in properties in Miami, Nashville, Chicago and New York City and is in contract to buy two more.