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Article: The Related Group Announces Deal with Lubert-Adler for $1 Billion Investment Vehicle.
- Article from:
- Business Wire
- Article date:
- February 13, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI -- The Related Group, the nation's leading private multi-family developer in the United States, recently announced a $1 billion dollar investment vehicle with Lubert-Adler, a Philadelphia-based real estate private equity firm with over $6 billion in equity and $15 billion of assets under management.
The Related/Lubert-Adler investment vehicle was created to purchase mortgages and property solely from other developers, lenders and property owners. Assets will range from finished condominium units to raw land in Florida. The investment vehicle will not involve any changes to management or governance of The Related Group.
Jorge M. Perez, The Related ...