Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-The locally based Related Group and Philadelphia-based Lubert-Adler have created a $1-billion investment vehicle aimed at purchasing mortgages and properties solely from other developers, lenders and property owners. Assets will range from finished condominiums to raw land in Florida.

The creation of the investment vehicle will not result in any changes to management or governance of the Related Group. A call to the Related Group seeking additional comment regarding the new venture was not returned before presstime.

“Our unwavering commitment to the Florida market has driven the creation of an investment vehicle to leverage the sluggish market,” says the Related Group chairman and CEO Jorge Perez, in a released statement. “The vehicle strengthens Related’s position by increasing our access to capital and expanding our company’s ability to make larger deals with other developers, lenders and property owners.”

Lubert-Adler is a real estate private equity firm specializing in redevelopments through joint ventures with local operating partners. Co-founded by Ira Lubert and Dean Adler in 1997, the company invests in all property types throughout North America and since its inception, has invested in over $15 billion of real estate assets. “The Related Group and Jorge Perez are the premier multifamily developer, owner and operator in Florida,” says Lubert-Adler co-founder and CEO Dean Adler, in a released statement.

The Related Group has built and managed more than 70,000 residential units throughout Florida and the US. The company currently has a development portfolio valued in excess of $10 billion, with reported revenue of more than $1.4 billion for 2006.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.