Rob Speyer

The best-known assets within Tishman Speyer’s $65 billion portfolio in 40 global markets might be office or at least mixed-use with an emphasis on office. Think Rockefeller Center or Hudson Yards’ The Spiral. 

Yet, the privately held company that Rob Speyer has led since 2008 has maintained a presence in the residential space for a while, and that presence expanded in the past year. For instance, at the start of October, New York-based Tishman Speyer paid $124.5 million for a 12-building, 270-unit multifamily property in Boca Raton, Fla. A few months before that, it put up $112 million for a 358-unit apartment tower in Nashville. 

All totaled — so far — the company lays claim to 33,500 apartments and condominiums across the U.S., Brazil, China and Europe.

“Tishman Speyer has a long track record in multifamily, and we’re actively expanding that portfolio,” Speyer said in a statement. “With heightened mortgage rates and limited new supply in the market, we see a strong opportunity to scale.” 

That scaling is coming via new development. That includes move-ins starting this October at the first building at Tishman Speyer’s Edgemere Commons complex in Queens. That project is supposed to end with more than 2,000 affordable units. There’s also 160 Van Cortlandt Park South in the Bronx, with 340 affordable and workforce housing units as well as a new 700-seat public elementary school. That’s supposed to be done in 2027. 

And, in Jersey City, N.J., the company is building 50 and 55 Hudson Street. The two high-rises will create a mini-city along the waterfront with nearly 2,000 apartments. No. 55 is supposed to wrap in 2027, and 50 Hudson in 2028. 

These projects — and existing complexes such as the 1,871-unit Jackson Park in Queens and the 392-unit Mira in San Francisco — give a taste of the expansive scope of Tishman Speyer. “Expansive” being the operative word. 

“We take a data-driven approach, combined with boots-on-the-ground intelligence, to identify the specific markets and submarkets that we think will see the strongest performance,” Speyer said. “This applies to markets around the world, as well as in the Sun Belt.”