Related’s Stephen Ross and Jeff Blau with Hudson Yards

A group of Chinese EB-5 investors is pushing Related Companies to open its books after the developer halted payments in June because of the pandemic.

A lawyer representing 30 investors sent a letter July 16 to Related CEO Jeff Blau demanding an on-site inspection of the company’s financial records so investors could see whether Related was able to repay them. In a separate letter, they requested written assurances that their distributions would be paid.

Source: https://therealdeal.com/2020/07/28/eb-5-investors-to-related-companies-open-your-books/

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