F
low, a Miami-based company founded by Adam Neumann, is expanding its presence abroad with a partnership to develop three residential properties in Saudi Arabia. The trio of buildings in Riyadh will deliver approximately 920 units and feature furnished and unfurnished apartments aimed at locals and foreigners alike. Flow will own and manage the properties, which are expected to open in phases throughout the year.

    The average rent on a furnished apartment is $4,262, compared to $2,843 for an unfurnished unit. This marks Flow's first major international venture, despite having only six buildings in the US, with two currently operating. The company focuses on community-centric housing and has several projects underway at Miami Worldcenter.

    Flow's expansion into Saudi Arabia comes as Neumann continues to navigate challenges in his domestic real estate ventures. Two Nashville properties faced cash-flow concerns earlier this year, prompting the creation of funds on crowdfunding platform Yieldstreet to address the issue.