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Article: The Related Group Acquires 50% Stake in Lighthouse Point, Bahamas.
- Article from:
- Real Estate Weekly News
- Article date:
- May 15, 2009
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The Related Group, a privately-held, leading luxury real estate developer, announced that it has completed a 50% acquisition of a 900-acre peninsula on Eleuthra Island, Bahamas. The venture, TRG-Meritage Bahamas LLC, acquired the peninsula known as Lighthouse Point, the southernmost tip of Eleuthra Island, considered by many to be the most awe-inspiring, undeveloped vista on the island.
The Related Group partners, Jorge M. Perez and Stephen M. Ross, have years of combined experience investing in substantial development portfolios in the United States and South America, as well as the Bahamas as former stakeholders with Sol Kerzner of Kerzner International, owner ...