Our History A Timeline of Related's History We celebrate five decades of growth and achievement in our industry. 1970 Company Founded Founded in 1972 in New York City by Stephen M. Ross Launched Affordable Multi-family Became a leading financier and developer of affordable housing for long term investment Opened Related Group The Related Group opened in Miami 1980 Expanded to New Asset Classes Expanded into new asset classes: market-rate multi-family residential, office, commercial and mixed-use Entered Luxury Residential Market Entered the residential market with luxury rental properties in Manhattan Grew Financial Services Arm Grew financial services arm as a debt and equity capital provider Opened Related California Opened offices in California, with a focus on affordable housing and luxury residential 1990 Led Resurgence and Growth Led resurgence during market downturn; emerged as a force with mixed-use and commercial properties Won Time Warner Center Bid Won the bid to develop Time Warner Center at Columbus Circle in New York Introduced First Mixed-Use Development: CityPlace Introduced CityPlace in West Palm Beach, Related’s first mixed-use development, setting the stage for a future focus on building city centers Led Early Sustainability Efforts Built Tribeca Green, one of the country’s first LEED Gold-certified multi-family buildings, providing industry leadership and setting the stage for a wide-scale corporate commitment 2000 Built Related Rentals Brand Built Related Rentals brand, recognized for outstanding design, amenities and service Expanded into Midwest Launched Related Midwest in Chicago Launched Groundbreaking Smoke Free Program Became the first residential developer to introduce a national smoke-free initiative with residential rentals 2010 Formed Fund Management Business Started Related Fund Management, leveraging our core expertise in development, investment and operations, to deploy and manage capital on behalf of Related and third party investors Expanded City Center Business Won the bids for Hudson Yards, The 78 in Chicago and Related Santa Clara Opened in Abu Dhabi Expanded Related's international business by opening in Abu Dhabi Formed Argent Related in London Formed Argent Related, a joint venture company with property developer Argent to jointly develop real estate in London Partnered with CORE Partnered with CORE, the leading luxury real estate brokerage in Manhattan Opened Dog City Opened the first Dog City location at MiMA in New York City, to provide pet care services to Related residents Invested in Motivate Invested in Motivate, operators of Citi Bike and other leading bicycle share programs; sold to Lyft in 2018 Developed Hudson Yards Developed Hudson Yards, the 28-acre 17 million-square-foot destination on the West Side of Manhattan Formed Related Beal in Boston Related Companies and The Beal Companies joined to form Related Beal in Boston 2020 Hudson Yards Opened Continued Growth and Innovation Expectations for continued growth, expansion and innovation in real estate and beyond
