Company Profile
Related Management
Company Overview
For 40 years as an employer of choice and an owner manager of over 90% of our portfolio, Related offers a generous benefit package; technology that puts us ahead of the competition; and training and support systems that are unmatched. We deliver an exceptional level of respect-based customer service, a commitment to sustainable practices, including the largest smoke free residential initiative in the industry; and a focus on value enhancement that are unparalleled. We have a growing portfolio of real estate assets which are located in over 15 states. This makes us one of the largest and most diversified privately owned property management firms in the United States.
Related Management has set an exceptional performance benchmark for the responsive and professional management of both affordable and market rate communities. Our philosophy of management is anchored in the respect we have for the needs of our employees, our residents and our investors. We realize that to meet the needs of any of these we must address the needs of all three.
Equal Opportunity Employer. We do not discriminate on the basis of disability.
http://www.related.com/
Company History
In 1972, Stephen Ross founded Related Companies, known then as Related Housing Companies. From the beginning, Mr. Ross understood that only an experienced, multi-skilled team of professionals could drive Related to become what it is today – a fully integrated, highly diversified industry leader with expertise in virtually every aspect of development, acquisitions, management, finance, marketing and sales.
During the 1970s, Related took the lead in financing and developing government assisted multi-family housing for long-term investment. It was a unique concept at the time and still is today. Related soon became the leading financier and developer of affordable housing in the country. By the start of 1980, Related rapidly diversified and over the next decade the company expanded the scope of its business and the range of its holdings. New projects included large-scale, market-rate multi-family developments as well as major metropolitan office and commercial properties. The financial services arm of the company grew considerably and became a major provider of debt and equity capital for private and public funds. The 1980s also brought about a name change in recognition of the company's new capabilities and expanded services, and the newly named Related Companies opened offices in Miami and Los Angeles to take advantage of opportunities around the country.
While the real estate market took a downturn in the early 90s, Related began to acquire and reposition many assets, and its expertise was often sought out by owners of distressed properties. Following the downturn, Related led an urban and commercial resurgence, forming new partnerships and completing several mixed-use developments. Related also managed capital on behalf of several large institutions including the State Teachers Retirement System of Ohio, GM Pension Fund, MEPT and CalPERS, CreditRE and CertRE. Ventures with Credit-Suisse and Zurich Financial were also formed. In 1998, Related won the coveted bid to develop the prestigious Time Warner Center at Columbus Circle in Manhattan, which became an award-winning icon recognized around the world as a premier urban destination.
At the onset of the 21st century, Related was poised to continue its expansion into new markets and forge new partnerships. In 2006, Related purchased Equinox® Holdings, Inc., further expanding the company’s capabilities into the fitness and lifestyle arena. Shortly thereafter, the company established partnerships with an elite consortium of investors to support the company’s significant growth potential and provide access to vast capital resources, and immediately began pursuing new transformative development projects of sizable scale, diversifying its portfolio and engaging opportunities abroad.
In 2008, Related was selected to develop Hudson Yards, a new 28-acre neighborhood on the west side of New York City, and was tapped by Deutsche Bank to complete construction on the $4 billion Cosmopolitan Development in Las Vegas.
By 2010, the company had launched a fund management platform to administer equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices. Focusing on distressed real estate opportunities, origination and acquisition of construction loans, and multi-family housing opportunities, the platform attracted $1.5 billion in outside investment capital. In 2011, Related bought a partnership stake in Union Square Events – the catering, culture, sports, and events business of Danny Meyer’s Union Square Hospitality Group; once again creating a valuable synergy with the development, leasing, sales and management of its properties.
Today, Related owns and operates a premier portfolio of high quality assets valued at over $15 billion. With offices in New York, Chicago, Dallas, Los Angeles, Miami, San Francisco, Abu Dhabi, São Paolo and Shanghai, Related manages an operating portfolio that includes luxury residential, affordable and workforce apartments, commercial, retail and mixed-use developments. Related’s senior management team averages more than 20 years of experience in the industry and over 14 years with Related. The Related team’s experience and the company’s vast capital resources enable the firm to quickly and expertly execute on the most challenging and complex development and financing opportunities around the globe.
http://www.related.com/our-company/OurHistory.aspx
Notable Accomplishments / Recognition
Related Companies is the most prominent privately-owned real estate firm in the United States. Formed 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Abu Dhabi, Sao Paulo and Shanghai and boasts a team of approximately 2,000 professionals. The Company’s existing portfolio of real estate assets, valued at over $15 billion, is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 26-acre Hudson Yards project on Manhattan’s west side. Related also manages over $1.5 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices.
Related also owns Equinox(R) Fitness Clubs, further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties by incorporating an exclusive, branded amenity into the lifestyle offering, and a partnership interest in Union Square Events, the catering, culture, sports, and events business of Danny Meyer’s Union Square Hospitality Group. For more information about Related Companies please visit www.related.com.