Jorge, Nick and J.P. Pérez

Jorge Pérez has earned the reputation as the godfather of Miami real estate. Back in 1979, he co-founded Related Group with Stephen Ross. Over the decades, the firm built shiny, tall condos, which transformed Miami into a high-density, luxury-driven city known on the global stage.

Today, Related Group remains dominant — and prolific, under the stewardship of the patriarch’s sons, J.P. and Nick Pérez. This spring, Related Group landed $560 million in construction debt: $200 million for a Ritz-Carlton-branded tower in West Palm Beach, and $360 million for a waterfront luxury condo tower in Hollywood.

Over the past year, Related Group’s construction debt for luxury condo developments in South Florida swelled to roughly $1 billion.

That’s not to mention the pipeline already under construction, which includes some of the region’s most high-profile projects: the St. Regis-branded project on the waterfront in Brickell; the Baccarat-branded project, also in Brickell; the development on the last remaining site on Fisher Island, an enclave that boasts one of the country’s wealthiest ZIP codes; as well as oceanfront projects in Bal Harbour and Hillsborough Beach.

Nationally, its condo portfolio spans 10,000 units, with international accounting for an additional 1,300 units. That scope affords the developer great economies of scale and good negotiating power in matters ranging from construction materials to contracts.

But its perch extends beyond just luxury condo development. Related Group is one of the region’s largest developers of multifamily assets, thanks to a 12,600-unit portfolio.

Miami’s market cooled after the pandemic-induced buying frenzy, yet the firm still managed to land some of South Florida’s largest multifamily sales from last year. These included a $165 million sale in July to Zara’s billionaire founder of a newly completed luxury tower in Downtown Fort Lauderdale, and a $161 million sale in November of a new multifamily property in Miramar.

There’s also the affordable housing division, which spans another 12,000 units.