The Related Companies

From Wikipedia, the free encyclopedia
Jump to: navigation, search
The Related Companies, L.P.
Private
Industry Real estate development
Founded 1972
Founder Stephen M. Ross
Headquarters New York City, United States
Owner Chairman: Stephen M. Ross
CEO: Jeff T. Blau
President: Bruce A. Beal, Jr.
Website related.com
Astor Place building

The Related Companies, L.P. is an American 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, London, São Paulo and Shanghai, employing 3,000 professionals. Related is the largest owner of luxury residential rental properties in New York City, with over 7,000 units.

It 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 Hudson Yards Redevelopment Project,[1] which comprises 28 acres (0.11 km2) in Manhattan’s Chelsea and Hell's Kitchen neighborhoods.[2][3]

Related 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.[4] 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.[5] 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.[6]

In 2017, Fast Company named The Related Companies as one of The Most Innovative Companies of 2017. Their work for turning over 28 acres of Manhattan’s far west side was accredited to the award.[7][8]

Associations[edit]

It is a member of REBNY.[9]

References[edit]

  1. ^ "Our History". Related.com. 2015-09-15. Retrieved 2015-09-27. 
  2. ^ Stephen Ross: The Billionaire Who Is Rebuilding New York. Forbes (2012-07-03). Retrieved on 2013-07-26.
  3. ^ "The man behind the largest real estate project in U.S. History". Fortune. 2013-08-29. Retrieved 2015-09-27. 
  4. ^ Raval, Anjli. (2012-01-23) Related closes distressed asset fund. FT.com. Retrieved on 2013-07-26.
  5. ^ "A Salute to Related". National Building Museum. Retrieved 2015-09-27. 
  6. ^ "Developer of new Bunker Hill apartment high-rise woos older residents". LA Times. 2014-10-04. Retrieved 2015-09-27. 
  7. ^ "Why Related Companies Is One Of The Most Innovative Companies Of 2017". Fast Company. 2017-02-13. Retrieved 2017-04-06. 
  8. ^ "The 2017 World's Most Innovative Companies". Fast Company. Retrieved 2017-04-06. 
  9. ^ "Member Firms". Rebny.com. Retrieved 2015-09-27. 

External links[edit]