RELATED COMPANIES AND HELLO ALFRED ANNOUNCE STRATEGIC PARTNERSHIP TO ENHANCE AND FURTHER INTEGRATE HOSPITALITY IN THE URBAN HOME

Hello Alfred and Related to Introduce “Life Simplified” Bringing New Custom Technology and Exclusive In-Home Services to the Related Rentals National Portfolio

In Manhattan, Service Will Be Exclusive to Related Rentals for the Next Two Years

NEW YORK, NY – November 30, 2017 – Related Companies, the nation’s most prominent privately-owned real estate firm, today announced a new national strategic partnership with Hello Alfred. The alliance is focused on integrating Hello Alfred’s technology and human-touch service platform into Related’s buildings across the country to provide a suite of personal life-enhancing services to residents.

Related Companies and Hello Alfred are redefining urban living through the creation of a custom platform, Life Simplified, which will only be available in Related’s residential rental buildings. The service builds on Alfred’s current platform, which anticipates and completes instinctive and sophisticated to-dos on a resident’s behalf. The partnership advances Hello Alfred into its next phase of strategic growth, and further enhances Related’s renowned commitment to exceptional service. The strategic partnership represents Hello Alfred’s first significant relationship of scale in the urban multifamily space.

Related is incorporating Hello Alfred’s service into the Related Rentals portfolio in New York City, Boston, San Francisco, Chicago, Washington D.C. and Los Angeles. The service offering will be exclusive to Related in Manhattan for two years.

Jeff Blau, CEO of Related Companies, said, “Exceptional hospitality-inspired, personal service has been a hallmark of Related since our very inception. We are constantly looking at new and innovative ways to enhance our residents’ lives and our partnership with Hello Alfred enables us to extend and complement the white-glove service provided by our hospitality-trained staff. Life Simplified will offer a new suite of services aimed at allowing our residents to spend their time living their lives to the fullest, while we take care of the rest.”

Marcela Sapone, CEO of Hello Alfred, said, “When the best of technology and the best of human service come together, the result transcends the “smart” label: a home becomes intuitive, anticipating what you need inside the front door. Our partnership with Related, and the depth of our integration in their buildings, will improve urban living across the Related Rentals portfolio nationally.”

Under the partnership, Related Rentals residents will receive Alfred’s in-home service including app-based grocery ordering and pantry and fridge stocking, dry cleaning and laundry pick-up and delivery right into the closet, and coordination and quality assuring of apartment cleaning. Residents will also receive a hotel-level apartment tidy-up and arrangements for other in-home tasks such as hanging of flat screen TVs and running errands. Life Simplified will also provide an enhanced level of move-in coordination including an easy app interface and additional apartment set-up features. This service provides an intuitive elevated living experience that simplifies residents’ hectic lives.

As part of Life Simplified, Related and Alfred will offer additional custom services aimed at enhancing the resident experience in the home, building and neighborhood, such as entertainment planning and management, allowing residents to host a rooftop barbecue or an intimate dinner party without the hassle of arranging it; living space enhancements, such as furniture ordering and set-up, baby and pet-proofing and closet customization and organizing; and special events and offerings with neighboring cultural and dining venues.

Related was recently named one of the “50 Most Innovative Companies in the World” by Fast Company Magazine. Among other leadership initiatives, they were the first landlord to accept credit card payments, one of the first developers to build sustainable high-rise buildings and the first national developer to go smoke-free. Related’s commitment to hospitality-level service in its residential buildings includes a proprietary training program that empowers employees to exceed its residents’ expectations, and all Hello Alfred employees will be undergoing the coursework. Related is also a strategic investor in category-defining companies including Equinox®, SoulCycle and Motivate - the operators of Citi Bike and other bikeshare systems across the nation.

For additional information and images relating to the Life Simplified Services offered through Related Rentals and bios of the founders of Hello Alfred, please visit: https://related.box.com/s/m6gliahtx2vahb84ibbg4uwi8ag9chhl

###

ABOUT HELLO ALFRED:

Hello Alfred is a tech and hospitality platform focused on evolving the most important space in people’s lives: the home. The platform combines building management software with highly trained “Alfred” Home Managers to handle an extensive suite of services, allowing residents to focus on the things that matter most. Buildings get a differentiated experience in competitive urban environments; residents get a home that anticipates their needs and saves them time. The Hello Alfred team have been publicly recognized by publications including The New York Times, The Financial Times, Monocle and Fast Company as thought leaders in the on-demand economy, following the decision to employ their Alfred Home Managers, complete with benefits, training, and the ability to move up in the organization, rather than hire 1099 contractors.


ABOUT RELATED COMPANIES:

Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 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, Washington, D.C., Abu Dhabi, London and Shanghai and boasts a team of over 3,500 professionals. With over $50 billion in assets owned or under development, the company’s portfolio is made up of best-in-class developments in premier high-barrier-to-entry markets across all asset classes. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World.

Related has dramatically redefined the concept of metropolitan luxury by introducing extraordinary residential rental properties in Boston, Chicago, Los Angeles, San Francisco, New York City and Washington, D.C. With each new building, Related has been hailed for setting new standards of excellence in the luxury rental marketplace. To ensure that every resident in every Related building enjoys the very finest services, unsurpassed amenities, and a luxury lifestyle without compromise, Related takes great pride in managing every building it owns. Related owns and manages 261 Hudson, 456 Washington St., Abington House, The Caledonia, The Easton, The Lyric, MiMA, One Carnegie Hill, One Union Square South, Riverwalk Crossing, Riverwalk Point, The Sierra, The Strathmore, The Tate, Tribeca Green, Tribeca Park, Tribeca Tower, The Westminster and The Westport in New York City (and manages 1214 Fifth Avenue also in New York City). It also owns 500 Lake Shore Drive and Landmark West Loop in Chicago, The Emerson in Los Angeles, The Paramount in San Francisco, One Hill South in Washington, D.C. and One Back Bay in Boston. Related also owns an extensive portfolio of workforce and affordable housing and has several new rental developments underway across the country. For more information about Related Companies please visit www.related.com

###

CONTACTS:

Related Companies:
Jessica Scaperotti
212.801.3528
Jessica.Scaperotti@related.com
Communications@related.com

Optimist Consulting:
Philip Ramirez
347.564.6975
pramirez@optimistconsulting.com

PRESS RELEASES
RELATED COMPANIES AND HELLO ALFRED ANNOUNCE STRATEGIC PARTNERSHIP TO ENHANCE AND FURTHER INTEGRATE HOSPITALITY IN THE URBAN HOME
Related Companies 212.801.3902
11/30/2017 Hello Alfred and Related to Introduce “Life Simplified” Bringing New Custom Technology and Exclusive In-Home Services to the Related Rentals National Portfolio

In Manhattan, Service Will Be Exclusive to Related Rentals for the Next Two Years

NEW YORK, NY – November 30, 2017 – Related Companies, the nation’s most prominent privately-owned real estate firm, today announced a new national strategic partnership with Hello Alfred. The alliance is focused on integrating Hello Alfred’s technology and human-touch service platform into Related’s buildings across the country to provide a suite of personal life-enhancing services to residents.

Related Companies and Hello Alfred are redefining urban living through the creation of a custom platform, Life Simplified, which will only be available in Related’s residential rental buildings. The service builds on Alfred’s current platform, which anticipates and completes instinctive and sophisticated to-dos on a resident’s behalf. The partnership advances Hello Alfred into its next phase of strategic growth, and further enhances Related’s renowned commitment to exceptional service. The strategic partnership represents Hello Alfred’s first significant relationship of scale in the urban multifamily space.

Related is incorporating Hello Alfred’s service into the Related Rentals portfolio in New York City, Boston, San Francisco, Chicago, Washington D.C. and Los Angeles. The service offering will be exclusive to Related in Manhattan for two years.

Jeff Blau, CEO of Related Companies, said, “Exceptional hospitality-inspired, personal service has been a hallmark of Related since our very inception. We are constantly looking at new and innovative ways to enhance our residents’ lives and our partnership with Hello Alfred enables us to extend and complement the white-glove service provided by our hospitality-trained staff. Life Simplified will offer a new suite of services aimed at allowing our residents to spend their time living their lives to the fullest, while we take care of the rest.”

Marcela Sapone, CEO of Hello Alfred, said, “When the best of technology and the best of human service come together, the result transcends the “smart” label: a home becomes intuitive, anticipating what you need inside the front door. Our partnership with Related, and the depth of our integration in their buildings, will improve urban living across the Related Rentals portfolio nationally.”

Under the partnership, Related Rentals residents will receive Alfred’s in-home service including app-based grocery ordering and pantry and fridge stocking, dry cleaning and laundry pick-up and delivery right into the closet, and coordination and quality assuring of apartment cleaning. Residents will also receive a hotel-level apartment tidy-up and arrangements for other in-home tasks such as hanging of flat screen TVs and running errands. Life Simplified will also provide an enhanced level of move-in coordination including an easy app interface and additional apartment set-up features. This service provides an intuitive elevated living experience that simplifies residents’ hectic lives.

As part of Life Simplified, Related and Alfred will offer additional custom services aimed at enhancing the resident experience in the home, building and neighborhood, such as entertainment planning and management, allowing residents to host a rooftop barbecue or an intimate dinner party without the hassle of arranging it; living space enhancements, such as furniture ordering and set-up, baby and pet-proofing and closet customization and organizing; and special events and offerings with neighboring cultural and dining venues.

Related was recently named one of the “50 Most Innovative Companies in the World” by Fast Company Magazine. Among other leadership initiatives, they were the first landlord to accept credit card payments, one of the first developers to build sustainable high-rise buildings and the first national developer to go smoke-free. Related’s commitment to hospitality-level service in its residential buildings includes a proprietary training program that empowers employees to exceed its residents’ expectations, and all Hello Alfred employees will be undergoing the coursework. Related is also a strategic investor in category-defining companies including Equinox®, SoulCycle and Motivate - the operators of Citi Bike and other bikeshare systems across the nation.

For additional information and images relating to the Life Simplified Services offered through Related Rentals and bios of the founders of Hello Alfred, please visit: https://related.box.com/s/m6gliahtx2vahb84ibbg4uwi8ag9chhl

###

ABOUT HELLO ALFRED:

Hello Alfred is a tech and hospitality platform focused on evolving the most important space in people’s lives: the home. The platform combines building management software with highly trained “Alfred” Home Managers to handle an extensive suite of services, allowing residents to focus on the things that matter most. Buildings get a differentiated experience in competitive urban environments; residents get a home that anticipates their needs and saves them time. The Hello Alfred team have been publicly recognized by publications including The New York Times, The Financial Times, Monocle and Fast Company as thought leaders in the on-demand economy, following the decision to employ their Alfred Home Managers, complete with benefits, training, and the ability to move up in the organization, rather than hire 1099 contractors.


ABOUT RELATED COMPANIES:

Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 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, Washington, D.C., Abu Dhabi, London and Shanghai and boasts a team of over 3,500 professionals. With over $50 billion in assets owned or under development, the company’s portfolio is made up of best-in-class developments in premier high-barrier-to-entry markets across all asset classes. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World.

Related has dramatically redefined the concept of metropolitan luxury by introducing extraordinary residential rental properties in Boston, Chicago, Los Angeles, San Francisco, New York City and Washington, D.C. With each new building, Related has been hailed for setting new standards of excellence in the luxury rental marketplace. To ensure that every resident in every Related building enjoys the very finest services, unsurpassed amenities, and a luxury lifestyle without compromise, Related takes great pride in managing every building it owns. Related owns and manages 261 Hudson, 456 Washington St., Abington House, The Caledonia, The Easton, The Lyric, MiMA, One Carnegie Hill, One Union Square South, Riverwalk Crossing, Riverwalk Point, The Sierra, The Strathmore, The Tate, Tribeca Green, Tribeca Park, Tribeca Tower, The Westminster and The Westport in New York City (and manages 1214 Fifth Avenue also in New York City). It also owns 500 Lake Shore Drive and Landmark West Loop in Chicago, The Emerson in Los Angeles, The Paramount in San Francisco, One Hill South in Washington, D.C. and One Back Bay in Boston. Related also owns an extensive portfolio of workforce and affordable housing and has several new rental developments underway across the country. For more information about Related Companies please visit www.related.com

###

CONTACTS:

Related Companies:
Jessica Scaperotti
212.801.3528
Jessica.Scaperotti@related.com
Communications@related.com

Optimist Consulting:
Philip Ramirez
347.564.6975
pramirez@optimistconsulting.com