WeWork just lost another executive as the head of its real-estate fund resigns

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Wendy Silverstein, head of WeWork's real-estate investment fund ARK, has resigned.

WeWork real estate investment fund head Wendy Silverstein resigned from the company last week, The Real Deal's David Jeans and Kathryn Brenzel reported on Friday.

Silverstein confirmed her resignation with the publication in an interview.

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In May, WeWork announced the launch of ARK, an investment fund set up to purchase commercial properties to lease to WeWork.

Silverstein told The Real Deal that she resigned in order to be available for her two elderly parents that the move was not related to WeWork's turmoil surrounding its IPO.

WeWork delayed its IPO plans earlier this month, and now plans to go public by the end of the year.

This story is developing. Check back for updates ...