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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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Stephen M. Ross announces $100 million gift to launch construction of the Detroit Center for Innovation
Initial phase — will include the University of Michigan’s 190,000-square-foot anchor academic building, incubator and startup services, housing and hotel and conference center — expected to begin construction in 2021 Located on the former Wayne County Jail site in downtown Detroit, and made…, About University of Michigan:, One of the nation's top public universities, the University of Michigan has been a leader in research, learning, and teaching for more than 200 years. U-M's alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and…, About Stephen M. Ross:, Stephen M. Ross is the Chairman and Founder of Related Companies, the largest private real estate developer in the United States and the largest private owner of affordable housing, Owner of the Miami Dolphins and a devoted philanthropist. Mr. Ross has always sought opportunities to give back in…, About Bedrock:, Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing…
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Stephen Ross donates another $100m to UM
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New $300 million U-M research and education center to anchor 14-acre Detroit Center for Innovation in the heart of Detroit
Multi-building Detroit Center for Innovation to include 190,000-square-foot academic building operated by University of Michigan U-M academic building to serve 1,000 graduate and senior-level undergraduate students pursuing advanced degrees in high-tech innovation industries, to be financially…, Creating a Pipeline of World-Class Talent, While the U-M academic center will provide instruction at the downtown Detroit Center for Innovation, degrees and certificates will be awarded by the Ann Arbor campus. It is designed to serve U-M or other students in the last year of their undergraduate program, as well as people seeking graduate…, Expansion of U-M’s Impact in Detroit, The new downtown center is part of the University of Michigan’s growing footprint in and around Detroit including its nearby U-M-Dearborn campus, the Detroit Center on Woodward, a “cradle to career” P-20 collaboration with the Detroit Public Schools Community District at Marygrove College in…, A Local Center for Detroiters and Students From Around the World, In 2018, Bedrock announced that it acquired the Gratiot site from Wayne County after agreeing to build a new $533 million criminal justice center near Detroit’s Midtown neighborhood. Since acquiring the site, Bedrock demolished the half-built jail structure and is currently using the site to…, About University of Michigan:, One of the nation's top public universities, the University of Michigan has been a leader in research, learning and teaching for more than 200 years. U-M's alumni body is one of the largest in the world and includes a U.S. president, scientists, actors, astronauts, business leaders and…, About Stephen M. Ross:, Stephen M. Ross is the chairman and founder of Related Companies, the largest private owner of affordable housing, Owner of the Miami Dolphins and a devoted philanthropist. Mr. Ross has always sought opportunities to give back in meaningful ways. His philanthropic efforts have broadly focused on…, About Bedrock, :, Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing…
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To help revive downtown, Detroit looks beyond a failed jail
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Billionaire Stephen Ross says new Innovation Center will keep talent from leaving Detroit
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Stephen Ross and Jeff Blau give $6 million to launch diversity initiatives at Michigan Ross
Stephen M. Ross and Jeff T. Blau have committed $6 million to help the University of Michigan Ross School of Business further its commitment to diversity, equity and inclusion. The gift supports a spectrum of initiatives designed to attract, recruit, support and offer innovative learning and work…, About Stephen M. Ross:, Stephen M. Ross is the chairman and founder of Related Companies. Ross formed Related in 1972 and today the company includes approximately 4,000 professionals. Related is one of the largest owners of affordable housing and has over $60 billion in real estate assets owned or under development,…, About Jeff T. Blau:, Jeff T. Blau is chief executive officer and a general partner of Related Companies. For the past 30 years, he has been responsible for directing and overseeing new developments worth over $60 billion in virtually every sector of the real estate industry. In his position as CEO, he is responsible…, About Michigan Ross:, The Stephen M. Ross School of Business at the University of Michigan is a vibrant and distinctive learning community grounded in the principle that business can be an extraordinary vehicle for positive change in today's dynamic global economy. The Ross School of Business mission is to build a…
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Stephen Ross and Related Cos. CEO donate $6 million for UM business school diversity initiatives
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