Adam Neumann was ousted as CEO of the office-sharing company he founded, but Andreessen Horowitz's $350 million investment in Neumann's multifamily-focused venture, the largest first-round investment in Andreessen Horowitz's history, is a substantial second chance for Neumann. It is not surprising that more investors are entering the apartment investment market, as multiple reports published this week continue to illustrate its resilience and elevated rent growth, but Andreessen's insistence that the rental market is "soulless" and in need of ground-up transformation ignores the significant progress and already-existing technologies in the multifamily industry that continue to improve the lives of renters and their apartment communities.
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