In 1972, Ross. founded The Related Companies, a real estate development company. Related is a fully integrated and diversified real estate development company. Its business includes development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and real estate developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco, South Florida, Abu Dhabi, and Shanghai. The company directly employs approximately 2,000 people.[14] The company's existing portfolio of real estate assets, valued at over $15 billion, is made up of mixed-use, residential, retail, office, trade show and affordable properties in what the company calls "premier high-barrier-to-entry markets." Related is the largest owner of luxury residential rental properties in New York with over 5,000 units in its portfolio and has developed mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 26-acre Hudson Yards project on Manhattan's west side. Related also manages approximately $1.5 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft Hartley plans and family offices]