Jorge, Nick and J.P. Pérez

Here’s a number to sum up the Related Group’s last 12 months or so: 2 billion.

That’s roughly the dollar amount of condo sales the nearly 50-year-old, privately held firm closed in 2025. It’s also the approximate dollar amount of construction financing that Related secured.

Led by founder Jorge Pérez and his sons Nick and Jon Paul, Related Group can lay claim to being South Florida’s largest condo developer. Hence the $2 billion in closed deals in 2025.

The company and its partners advanced more condo projects, too. The 50-story, 150-unit St. Regis Residences, Miami, which broke ground in November 2024, had cleared 16 stories by the time J.P. Perez spoke to Commercial Observer in early February. Much of the work on the 45-story, 500-unit Viceroy Brickell was finished by the start of 2026. And work did wrap on the Crosby, a 32-story, 450-unit condo project in Miami Worldcenter. 

Suffice to say, it’s a lot. Related also has busy market-rate multifamily and affordable housing lines as well as an international arm (the company finished a five-tower project last year in the Brazilian capital of Sao Paolo). 

“In the U.S., we probably have 15,000 units under development — between affordable, market-rate rental and condo,” J.P. Perez said. 

There is more to come as Related continues to draw financing and partners. Perez teased a major construction financing loan for a Ritz-Carlton-branded condo project in West Palm Beach, for instance. (It turned out to be $200 million in a package closed at the start of March.) He also said the company would launch around seven condo projects a year from now. And the trend lines look particularly solid for multifamily, too.

“On the rental side, we feel that now is probably the best time to start a rental job given the fact that there’s been such a slowdown in the amount of permits and starts that, if we’re delivering a rental in 18 to 24 months, there’s going to be less new supply — and all the supply that’s been delivered is going to be absorbed by then,” Perez said. 

As for affordable housing: “There’s an unlimited demand there, so it’s as quickly as we can get those projects off the ground and started.”