The Related Companies

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The Related Companies L.P.
Type Private
Industry Real estate development
Founded 1972
Founders Stephen M. Ross
Headquarters New York City, United States
Owners Chairman Stephen M. Ross, CEO Jeff T. Blau, President Bruce A. Beal, Jr.
Website related.com
Astor Place building

The Related Companies is a privately owned real estate firm in New York City, with offices and major developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, São Paulo and Shanghai, and 2,000 professionals. Related is the largest owner of luxury residential rental properties in New York with over 5,000 units, and has developed mixed-use projects such as Time Warner Center in New York City, as well as CityPlace in West Palm Beach. Related is currently developing the 26 acres (0.11 km2) Hudson Yards Redevelopment Project[1] in Manhattan’s Chelsea and Hell's Kitchen neighborhoods.[2] Related also manages approximately $1.5 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices.[3]

Related also owns Equinox Fitness clubs and a partnership interest in Union Square Events, the catering, culture, sports, and events business of Danny Meyer’s Union Square Hospitality Group.

In 1972, Stephen M. Ross founded Related Companies, known then as Related Housing Companies.

Awards[edit]

In 2007, Related received the Honor Award from the National Building Museum for their impact on the built environment, including their creation and management of affordable housing and their commitment to mixed-use urban development projects.[4] The Emerson apartment building in Los Angeles has 271 units, of which 216 are leased at market rates. The other 55 units are at subsidized rates to tenants whose annual incomes are less than 50% of the local median, which was $42,700 for a family of four in 2014.[5]

References[edit]

  1. ^ Our History related.com
  2. ^ Stephen Ross: The Billionaire Who Is Rebuilding New York. Forbes (2012-07-03). Retrieved on 2013-07-26.
  3. ^ Raval, Anjli. (2012-01-23) Related closes distressed asset fund. FT.com. Retrieved on 2013-07-26.
  4. ^ "A Salute to Related". National Building Museum. 
  5. ^ Vincent, Roger (October 1, 2014) "Developer of new Bunker Hill apartment high-rise woos older residents" Los Angeles Times

External links[edit]