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# Related Companies: The Future of New York

Jeff Blau, CEO Related Companies

Transcript: Related Companies: The Future of New York

Jeff Blau:

The affordability of New York City is the key to having a vibrant community. We have to keep New York affordable. But that doesn’t happen by accident.

[TITLE CARD: The Future of NEW YORK]

[TITLE CARD: Jeff Blau, CEO, Related Companies]

Jeff Blau:

My father was a contractor. I grew up working on construction sites. This is in my DNA.

[TITLE CARD: Willet Point, Queens]

Related is one of the largest owners of affordable housing in the United States. It’s really about building homes and communities...

[TITLE CARD: Marine Terrace, NY]

...for families.

[TITLE CARD: Somers Point, NY]

WF has been an...

[TITLE CARD: North Park, NY]

...incredible banking partner really since the company was founded. They have a very strong focus on affordable housing.

Kara McShane:

Over the last...

[TITLE CARD: Kara McShane, Head of Commercial Real Estate, WF Corporate & Investment Banking]

Kara McShane:

...five years, we’ve committed over $34 billion of capital—debt and equity—to develop or preserve nearly 150,000 affordable housing units across the country. We’re looking for ways to have a positive impact on our community well into the future.

Jeff Blau:

Hudson Yards was really...

[TITLE CARD: Phase One]

...an abandoned part of the city, so we had to build everything at once to create a real community.

Kara McShane:

At Hudson Yards, we have led development financings of over $8 billion, including a $1.8 billion construction financing for 50 Hudson Yards.

[TITLE CARD: Phase Two]

Jeff Blau:

Phase two will have over 4,000...

[TITLE CARD: 4000+ housing units, 40 Hudson Yards, Residential, Mixed Use]

...new housing units...

[TITLE CARD: 625 affordable, development plans subject to change]

—625 will be affordable. We’re also rebuilding the...

[TITLE CARD: Hudson Yards, Fulton & Elliott-Chelsea Houses, Manhattan]

...Fulton and Elliott-Chelsea Houses...

[TITLE CARD: Willets Point]

...and building at Willets Point. WF became a partner with us in working with the New York City Housing Authority, speaking to the city, to the state, to really help us make this happen.

Kara McShane:

These developments will deliver upwards of 8,000 new apartments to neighborhoods in desperate need of affordable homes.

Jeff Blau:

The greatest moments are when a family tells us this home has changed their lives. We’re really building for the future.

Kara McShane:

We are changing the skyline, the city and the lives of the people that live in this community. We’re working to create a New York City that will thrive well into the future.

Close with music

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Sponsored by WF Corporate & Investment Banking

The Next Horizon

Related Companies

bloomberg.com/thenexthorizon

WF Corporate & Investment Banking (CIB) and WF Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of WF & Company and its subsidiaries, including but not limited to WF Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, WF Prime Services, LLC, member of FINRA, NFA and SIPC, and WF Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. WF Securities, LLC and WF Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2025 WF & Company.

Related Companies began as an affordable housing developer, and that commitment remains critical to its DNA. Today, the company is creating homes and communities for families across the country, including in New York City, where it's entering the next phase of its development of Hudson Yards, rebuilding the Fulton and Elliott-Chelsea Houses in Manhattan and developing Willets Point in Queens—the city's largest all-affordable housing project in 40 years. Together, the efforts will create over 8,000 new apartments in neighborhoods in desperate need of housing—and Related isn't stopping there.

### This is our home

Transcript: This is our home

Jeff Blau:

Related was founded in New York City. This is our home.

[TITLE CARD: Jeff Blau, CEO, Related Companies]

We care deeply about the city. We are very active in the affordable housing community as developers...

[TITLE CARD: Willets Point]

...of new affordable housing and preservationists

[TITLE CARD: Marine Terrace]

of existing affordable housing. It’s critical for our company. It’s critical for cities.

[TITLE CARD: Kara McShane, Head of Commercial Real Estate, WF Corporate & Investment Banking]

Jeff Blau:

WF, their DNA is very similar. They're community-driven, community-minded. WF goes above and beyond and partners with us to make a difference. We're really building for the future across the country.

Close with music

-

Sponsored by WF Corporate & Investment Banking

The Next Horizon

Related Companies

bloomberg.com/thenexthorizon

WF Corporate & Investment Banking (CIB) and WF Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of WF & Company and its subsidiaries, including but not limited to WF Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, WF Prime Services, LLC, member of FINRA, NFA and SIPC, and WF Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. WF Securities, LLC and WF Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2025 WF & Company.

Jeff Blau, CEO Related Companies

### The preeminent commercial real estate franchise

Transcript: The preeminent commercial real estate franchise

Kara McShane:

WF acts as a trusted advisor to clients like Related. We have the...

[TITLE CARD: Kara McShane, Head of Commercial Real Estate, WF Corporate & Investment Banking]

...preeminent commercial real estate franchise. Over the last five years, we’ve committed over $34 billion of capital—debt and equity—to develop or preserve nearly 150,000 affordable housing units across the country. At Hudson Yards, we have led development financings of over $8 billion. We are committed to supporting our communities that we live and work in.

Close with music

-

Sponsored by WF Corporate & Investment Banking

The Next Horizon

Related Companies

bloomberg.com/thenexthorizon

WF Corporate & Investment Banking (CIB) and WF Securities (WFS) are the trade names used for the corporate banking, capital markets, and investment banking services of WF & Company and its subsidiaries, including but not limited to WF Securities, LLC, member of NYSE, FINRA, NFA, and SIPC, WF Prime Services, LLC, member of FINRA, NFA and SIPC, and WF Bank, N.A., member NFA and swap dealer registered with the CFTC and security-based swap dealer registered with the SEC, member FDIC. WF Securities, LLC and WF Prime Services, LLC, are distinct entities from affiliated banks and thrifts. © 2025 WF & Company.

Kara McShane, Head of Commercial Real Estate; WF Corporate & Investment Banking

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