Former Uber CEO Kalanick becomes CEO of City Storage Systems

Travis Kalanick has found his way back to the C-suite, this time taking the CEO’s role at a new-age real estate company. Kalanick announced on Twitter that his new investment fund, 10100, is making a $150 million investment in City Storage Systems and taking a controlling interest in the process. “Upon closing, the team at 10100 expects to be highly involved in the operations of CSS, where I will serve as its chief executive officer,” he wrote in a tweet. The 15-person company, through its B2B initiatives CloudKitchens and CloudRetail, acquires distressed real estate and repurposes it for entrepreneurs in the food and retail industries, providing, for example, physical locations for food delivery More than $10 trillion in real estate assets need to be repurposed in coming years for the digital era, he wrote. This is a “massive opportunity to reposition unproductive assets to fuel job creation,” Kalanick said. Kalanick
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