Related Group and Rockpoint Group have formed a $2 billion partnership for investing in value-add U.S. multifamily properties over the next two years.
The venture will be investing in Florida and throughout the Sun Belt region, including Atlanta, Dallas and Phoenix.
Recently, Michael Hammon, previously chief development officer of Ram Development Co., returned to Related to work on the new division with Matt Allen, Related’s chief operating officer, according to media reports.
