Related

What Related does

Related Companies is a privately held global real estate development firm founded in 1972 by Stephen M. Ross, headquartered in New York and operating through regional subsidiaries across major US gateway cities (NYC, Chicago, Los Angeles, Boston, Austin, Detroit, South Florida) plus London via Related Argent. The company develops and manages luxury residential (Related Rentals, condominiums, senior living), affordable housing (Related Affordable, Willets Point Commons), trophy office towers (Hudson Yards, 70 Hudson Yards), retail destinations (The Shops at Hudson Yards, The Shops at Columbus Circle), hospitality (Equinox Hotels, The Grand LA), and, since March 2025, hyperscale data centers through Related Digital. Vertically integrated operating units include New Hudson Facades (curtain wall manufacturing, top-three US producer), Related Management Company (property management), Related Fund Management (private equity/credit platform), and energyRe (renewable energy including a 5MW battery project with EnelX). The firm completed more than $70 billion of development including the 28-acre, 20M sq ft Hudson Yards, the $25 billion Manhattan West Side project, and a $45 billion data center pipeline anchored by CoreWeave, Oracle, OpenAI, and SoftBank. The business model blends one-time development sales (condominiums, commercial property sales) with recurring revenue streams (luxury rentals, commercial office leasing, retail tenant rent, hospitality, property management fees, and long-term data center ground/development leases), serving affluent residential buyers/renters, enterprise corporate tenants (Deloitte signed 800,000 sq ft at 70 Hudson Yards), hyperscale technology clients (CoreWeave, Oracle, OpenAI), sovereign wealth capital partners (GIC, ADIA, OMERS/Oxford, APG), and city governments on public-private partnerships. Most recent expansion has been into AI infrastructure through Related Digital, participating in the $500 billion Stargate consortium and developing data center campuses in Michigan (1.4 GW) and Wyoming (302 MW capacity at full build-out), alongside continued mixed-use project execution across all existing geographic markets.

Name

Related

Legal name

Related Companies

Website

https://related.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Related Companies is a privately held global real estate development firm founded in 1972, developing luxury residential, affordable housing, mixed-use city centers, trophy office towers, hospitality, and hyperscale AI data centers across major US markets and London for enterprise tenants, affluent consumers, sovereign capital partners, and city governments.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Architectural, Engineering, and Related Services (5413)

SIC

General Bldg Contractors - Residential Bldgs (1520), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

akta.pro secondary industry

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

Keywords

• Commercial real estate development
• Luxury residential rentals
• Mixed-use developments
• Data center development
• Affordable housing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Sales: Related develops and sells luxury condominiums, commercial properties, and large mixed-use developments. Revenue from property sales at projects like Hudson Yards, The Grand LA, and Harbor Point.
2. Luxury Rental Income: Long-term rental revenue from Related Rentals portfolio of luxury residential properties across major U.S. markets.
3. Commercial Office Leasing: Office tower leasing to enterprise tenants like Deloitte (800,000 sq ft at 70 Hudson Yards), financial institutions, and tech companies.
4. Retail Leasing and Tenant Revenue: Revenue from retail tenants at shopping destinations including The Shops at Hudson Yards, The Shops at Columbus Circle, and Bronx Terminal Market.
5. Hospitality Operations: Revenue from Equinox Hotels brand, The Grand LA hotel operations, and food & beverage venues.
6. Property Management Fees: Fees from managing residential and commercial properties through Related Management Company.
7. Data Center Development: Related Digital develops data center campuses for hyperscale clients, generating development fees and long-term lease revenue from tenants like CoreWeave.
8. Affordable Housing Subsidies and Fees: Government subsidies, tax credits, and development fees from affordable housing projects including Willets Point Commons.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

Related Companies is a global real estate development firm that designs, develops, and manages large-scale mixed-use, residential, commercial, retail, hospitality, and data center projects across major U.S. markets and London. Its offerings span luxury rentals and condominiums (Related Rentals), affordable housing (Related Affordable), trophy office space, retail destinations, the Equinox Hotels brand, and the Related Digital hyperscale data center development platform. The company also operates property management, curtain wall manufacturing (New Hudson Facades), and renewable energy (energyRe) as vertically integrated capabilities.

Product overview

Related Companies is a global real estate development firm offering a diversified portfolio of products and services across multiple real estate sectors. The core offering spans residential development (luxury rentals, condominiums, senior living, and affordable housing under Related Affordable), city center mixed-use developments (Hudson Yards, The 78, The District Detroit, Brent Cross Town), hospitality (Equinox Hotels, hotel management), office (Related 360 Life), and data center infrastructure (Related Digital). Supporting operations include energyRe (renewable energy), New Hudson Facades (curtain wall manufacturing), HIRE360 (workforce diversity platform), and Pocket Living (London affordable homeownership). Related Digital, launched in 2025, represents the company's expansion into hyperscale AI data center development. The company operates through regional subsidiaries including Related Midwest, Related California, Related Beal, Related Ross, and Related Argent (London). Notable recent launches include DATALAND (AI arts museum at The Grand LA, 2026), the Edge immersive experience at Hudson Yards (2026), and the Cheyenne data center campus with anchor tenant CoreWeave (construction began 2025).

Differentiator

Problem solved

Functional benefit

Brands

• Related Rentals: Luxury rental residential brand recognized for outstanding design, amenities and service
• Related Life
• Related Plus+
• New Hudson Facades
• Pocket Living

Products and services

• Luxury Rentals (Related Rentals) Long-term luxury residential rental apartments under the Related Rentals brand, offered across major U.S. markets with premium amenities, concierge services, and high-end finishes targeting affluent urban renters.
• Luxury Condominiums For-sale luxury condominium residences at trophy locations including Hudson Yards, featuring architecturally significant design and exclusive building amenities for ultra-high-net-worth buyers.
• Affordable Housing Income-qualified affordable rental housing developments including Willets Point Commons (880 units opened May 2026, with 2,500 total planned), offered at rent based on household income levels for qualifying low- and moderate-income households.
• Trophy Office Space Leasing Class A trophy office space leased to large enterprise tenants (e.g., Deloitte's 800,000 sq ft lease at 70 Hudson Yards as future U.S. headquarters), with premium amenities and prestige addresses.
• Retail Leasing Leasing of retail and restaurant space in high-traffic shopping destinations including The Shops at Hudson Yards, The Shops at Columbus Circle, and Bronx Terminal Market for national retailers and entertainment venues.
• Related Digital Data Center Development Hyperscale AI data center campus development for technology clients, with a $45 billion pipeline including 1.4 GW Michigan Stargate project and 302 MW Wyoming project, serving tenants such as CoreWeave, Oracle, and OpenAI under long-term leases.
• Equinox Hotels Luxury wellness-focused hotel operations blending premium hospitality with fitness and health amenities, including The Grand LA hotel and a planned expansion to 33 new properties in Anguilla, Mexico, and Saudi Arabia's Red Sea coast.
• Related Management Company (Property Management) Property management services for Related's residential and commercial portfolio, generating recurring management fees across owned and third-party managed assets.
• Related Plus+ All-Inclusive Rental Subscription Monthly subscription rental product for Related's Chicago luxury buildings bundling utilities and high-speed internet into a single all-inclusive rent payment with flexible lease terms.
• New Hudson Facades (Curtain Wall Manufacturing) Vertically integrated design, engineering, manufacturing and installation of custom building facades, including electrochromic glass that darkens as sunlight increases, serving Related projects and third-party buildings.
• energyRe (Renewable Energy) Renewable energy infrastructure business developing utility-scale storage and clean energy projects, including a 5MW lithium-ion battery project at Gateway Center in Brooklyn in partnership with EnelX.
• Wollman Rink Operations Operations of Central Park's Wollman Rink under a 20-year partnership with CityPickle starting May 2027, including $91 million offer fee and $10.9 million in committed capital improvements.
• City Center Mixed-Use Master Developments Large-scale master-planned mixed-use developments integrating residential, office, retail, cultural, hospitality and public spaces, including Hudson Yards (28 acres), The 78 (700 acres, Chicago), Brent Cross Town (180 acres, London), King's Cross (67 acres), and The District Detroit.

Quantifiable outcome

• Energy reduction of 70% relative to code achieved at Cornell Tech passive house building
• +6 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

19 partnerships are on record, tiered flagship, minor and core.

• MetaflagshipTechnology or Integration · 12 May 2026Partner in Blue Owl Capital's $27.3B data center joint venture for 2 GW campus in Louisiana. Meta controls 20% stake. Part of broader AI infrastructure buildout.
• New York CityflagshipStrategic or Co-development Partner · 23 April 2026City government partner for Hudson Yards Phase 2 requiring $2B public subsidy for platform over Manhattan rail yard. Would deliver 4,000+ homes including 625 affordable apartments.
• Equinox Fitness ClubsflagshipStrategic or Co-development Partner · 27 February 2026Related Companies invested in Equinox Fitness Clubs, which has expanded into Equinox Hotels luxury wellness hospitality brand. Plans for 33 new hotel properties over next decade.
• HinesminorStrategic or Co-development Partner · 26 February 2026Major real estate developer investing in San Francisco alongside Related, Kilroy Realty, and Blackstone. Benefiting from AI-fueled demand and city permitting reforms.
• Kilroy RealtyminorStrategic or Co-development Partner · 26 February 2026Major real estate developer investing in San Francisco alongside Related, Hines, and Blackstone. Part of broader investor resurgence in San Francisco office market.
• Modon Holding PSCflagshipStrategic or Co-development Partner · 7 January 2026Abu Dhabi-based developer partnered with Related Companies and Panepinto Properties for Harborside 4, a 54-story luxury residential tower in Jersey City. Modon holds majority equity stake with $1.6B+ development value. Construction begins Q1 2026.
• Panepinto PropertiescoreStrategic or Co-development Partner · 7 January 2026Local Jersey City development partner for Harborside 4 luxury residential tower. Contributes local market expertise and development capabilities alongside Related and Modon Holding.
• Silverstone PartnerscoreStrategic or Co-development Partner · 6 January 2026Real estate investment firm partnered with JSB Capital Group in programmatic joint venture acquiring a four-property BTR portfolio totaling 277 homes in Midland, Texas from Related Companies.
• JSB Capital GroupcoreStrategic or Co-development Partner · 6 January 2026Real estate investment firm partnered with Silverstone Partners in joint venture acquiring BTR portfolio from Related Companies in West Texas Permian Basin market.
• OracleflagshipStrategic or Co-development Partner · 19 December 2025Stargate consortium member with OpenAI, SoftBank backing Related Digital's 1.4 GW hyperscale data center in Saline Township, Michigan. Oracle provides technology infrastructure partnership for AI development.
• OpenAIflagshipStrategic or Co-development Partner · 19 December 2025Stargate consortium member with Oracle, SoftBank backing Related Digital's 1.4 GW hyperscale data center in Saline Township, Michigan. Part of $500B Stargate AI infrastructure project.
• Lincoln Property CompanyflagshipStrategic or Co-development Partner · 26 November 2025New entrant alongside Related Companies in data center development space. Both companies secured multi-billion dollar deals to build data center campuses for tech clients as part of AI infrastructure buildout.
• CRG (Clayco Group)coreStrategic or Co-development Partner · 17 November 2025Construction firm and development partner for Illinois Quantum and Microelectronics Park (IQMP) in Chicago. PsiQuantum anchor tenant building America's largest quantum computing project on former U.S. Steel South Works site.
• VenncoreTechnology or Integration · 29 October 2025AI-powered resident operating system partnership across Related's U.S. real estate portfolio. Platform enhances personalized service and operational efficiency by capturing resident interactions to improve building design and experiences.
• CoreWeaveflagshipTechnology or Integration · 9 October 2025Anchor tenant for Related Digital's $1.2B data center campus in Cheyenne, Wyoming. Long-term lease for 88 megawatts of capacity at the 115-acre Cheyenne Business Parkway project.
• CityPicklecoreStrategic or Co-development Partner · 1 October 2025Partnership with Related Companies to operate Wollman Rink in Central Park. Won 20-year contract valued at over $100M starting May 2027, including $91M offer fee and $10.9M capital improvements commitment.
• Wollman Park Partners IIcoreStrategic or Co-development Partner · 18 August 2025Consortium led by Related Companies and CityPickle selected to operate Central Park's Wollman Rink. 20-year contract valued at over $100M starting May 2027.
• Oxford Properties GroupcoreStrategic or Co-development Partner · 5 January 2025Joint venture partner with Related Companies on major New York developments including 70 Hudson Yards ($2.45B financing) and Hudson Yards expansion. Oxford is the real estate subsidiary of Ontario Municipal Employees Retirement System (OMERS).
• Applied DigitalcoreTechnology or Integration · 6 September 2024Related Companies invested $160M alongside NVIDIA in Applied Digital for accelerated compute and AI infrastructure. Related Digital partnership for data center development using Applied Digital's GPU cloud solutions.

Scale indicators21 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• The Durst Organization: The Durst Organization is a privately-held NYC real estate developer known for sustainability leadership (One Bryant Park/Bank of America Tower) and large-scale mixed-use office and residential projects. Both Durst and Related pursue Class A sustainable trophy developments in Manhattan.
• Silverstein Properties: Silverstein Properties is a NYC-focused developer of trophy office towers (including the World Trade Center redevelopment) and large mixed-use projects. It directly competes with Related on Lower Manhattan and Hudson Yards-area trophy office and residential developments.
• Lendlease: Lendlease is a global real estate and construction group headquartered in Australia with significant U.S. mixed-use development operations, including large urban regeneration projects. It is directly comparable to Related Argent in the U.K. and competes with Related on trophy mixed-use and large-scale master-planned communities globally.
• Vornado Realty Trust: Vornado is a publicly-traded REIT focused on office and retail properties in Manhattan, with a portfolio centered on Penn District and trophy assets including 1290 Avenue of the Americas. Both firms pursue Class A office and high-end retail in NYC's most prestigious submarkets.
• Tishman Speyer: Tishman Speyer is a closely-held global real estate developer and investor headquartered in New York City with a similar focus on trophy office towers, large mixed-use developments, and urban multifamily projects in gateway cities including NYC, São Paulo, and Shanghai. Both firms compete directly for anchor tenants and development sites in NYC's premier submarkets.

Broad incumbents

• Brookfield Asset Management: Brookfield is a large global alternative asset manager with a massive real estate platform spanning office, multifamily, retail, logistics, and data centers. It is a broader incumbent that overlaps with Related across trophy office, mixed-use, and increasingly data center development, though at a far larger and more diversified scale.
• Hines: Hines is a large global privately-held real estate firm with a deep development pipeline across office, residential, mixed-use, and logistics in the Americas, Europe, and Asia. Recently named alongside Related as a co-investor in San Francisco office, indicating direct overlap on gateway-city trophy deals.
• Boston Properties (BXP): Boston Properties is a publicly-traded REIT and one of the largest U.S. developers of Class A office and multifamily properties, with major holdings in NYC, Boston, San Francisco, and Washington DC. It is a broader incumbent competing with Related for premium office tenants in NYC and other gateway cities.

Emerging players

• Lincoln Property Company: Lincoln Property is a privately-held national real estate firm that recently entered the data center development space alongside Related. Both companies secured multi-billion-dollar deals to build hyperscale AI data centers, positioning them as emerging peers in the AI infrastructure buildout.

Regional players

• Kilroy Realty: Kilroy Realty is a West Coast-focused publicly-traded REIT with major office and mixed-use development pipelines in San Francisco, Los Angeles, and San Diego. It recently partnered with Related and Hines on San Francisco office investments, indicating shared interest in the West Coast trophy asset market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/relatedcos

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Related