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Related acquires 3,000-unit apartment portfolio in Midland and Odessa, Texas, capitalizing on opportunity to deliver institutional-quality management and multi-family rentals
Related Companies today announced that the Related Real Estate Recovery Fund has acquired a portfolio of 21 multi-family apartment properties, including approximately 3,000 apartment units in Midland and Odessa, Texas. Related expects to improve the portfolio by implementing institutional-quality…, About the Related Real Estate Recovery Fund:, The Related Real Estate Recovery Fund closed in January 2012 after raising $825 million in equity commitments – exceeding its $750 million target. It was among the largest U.S. real estate vehicles raised in 2012. Fund investments include diverse properties across the real estate spectrum such as:…, About Related:, 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…
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Uber Elevate announces partnership with Related Companies to develop skyports for Uber Air
Today Uber Elevate announced that Related Companies will be its preferred development partner supporting its Uber Air network in the United States. As part of this partnership, Uber and Related have collaborated on a vision for a future skyport at Related’s 240-acre Santa Clara development to…, About Related:, Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately owned real estate firm in the United States. Formed over 40 years ago and headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles…, About Uber Elevate:, Uber has a goal of conducting flight demonstrations in 2020 and make aerial ridesharing commercially available to riders in 2023, with it’s first Uber Air cities being Dallas-Fort Worth/Frisco Texas and L.A. Uber entered into partnerships with several highly experienced aircraft manufacturers…
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Rainbow Housing Assistance Corporation continues to offer access to Fannie Mae’s healthy housing rewards program with Related Affordable partnership
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Welltower acquires 33-property seniors housing portfolio for $548m, plans two developments in Silicon Valley
Welltower, Related Cos. and Atria Senior Living are developing this 158-unit seniors housing community in Cupertino, California. Construction is scheduled to begin in 2022 for completion in 2024.
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Related California announces $690m construction financing for Santa Clara residential projects
Related California today announced $690m in construction financing for residential development in Santa Clara. This investment signals the beginning of Related’s growth in Santa Clara and underscores the company’s commitment to deliver the most ambitious and complex development in the country.…, Advisors, Greenberg Traurig, LLP / Stroock & Stroock & Lavan LLP served as legal counsel for Related. Winstead served as legal counsel for Otera Capital; Riemer & Braunstein, LLP for PNC Bank; and Gibson Dunn for WELL. ###, About Related Companies:, Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and a fully-…
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