The Related Group, the nation's leading private multi-family developer in the United States, announced today that Jordan Paul has joined The Related Investment Fund as Senior Managing Director. Last month, The Related Group partnered with Lubert-Adler, a Philadelphia-based real estate private equity firm, to form the $1 billion investment vehicle to purchase distressed mortgages and property solely from other developers, lenders and property owners. The Related Investment Fund will be headquartered in Miami, Florida.
INFO SOURCES
The Related Group
FIRMS
Established in 1979, The Related Group is the nation's leading builder of luxury condominiums and one of the country's premier multi-family real estate development firms. Founded by Chairman and CEO Jorge M. Perez, The Related Group has built and managed more than 70,000 residential units throughout Florida and the United States. The company ranks as the nation's top multi-family developer with a current development portfolio valued in excess of $10 billion, with reported revenue of more than $1.25 billion for 2007.
PEOPLE
Jordan Paul, Senior Managing Director
Mr. Paul joins The Related Fund from Aquila Property Company, a commercial real estate investment, management and advisory firm which he founded in 2000. Under Paul's leadership, Aquila completed over $100 million in distressed property acquisitions and sales. Other previous finance experience includes senior executive positions at Allied Capital Corporation, Llama Capital Mortgage Company and Ocwen Financial/Asset Investment Corporations where he led acquisition and asset management groups responsible for several billion dollars in real estate investments.
Paul received a Bachelor of Science degree in Economics from the Wharton School at the University of Pennsylvania and a J.D. from The University of Pennsylvania Law School.
Supporting Material
