An acquisition by the South Korean asset manager could value the 15 properties at more than $5.5 billion.
IPOs & Markets
WeWork is looking to raise more than $3.5 billion, which would make it the second-largest U.S. IPO this year.
Securing a credit line from Wall Street often precedes an IPO.
WeWork is expected to award JPMorgan the coveted first - or lead left - position in its syndicate of banks handling the deal.
The company is expected to make its market debut in September.
The company is targeting a share sale of about $3.5 billion.
The luxury hotel portfolio is owned by Anbang Insurance Group.
WeWork said in April it had filed paperwork confidentially with the US SEC for an IPO.
The vehicle, Blackstone Real Estate Debt Strategies IV, will focus on property-related wagers in public and private debt globally.
Anbang, under temporary control of Chinese regulators, received offers of as much as $5.8 billion.
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