Related Group Considering IPO; Jorge Perez Calls Trump’s Wall ‘Idiotic’

Related Group could soon become a publicly traded company, founder Jorge Perez told Bloomberg.

The potential stock listing is being considered within the next few years as Perez weighs his succession plan at the developer.

Perez also said that he was approached by the Trump administration about a possible position as undersecretary of housing and urban development under Ben Carson, but he declined.

Trump’s plan to build a wall on the Mexican border is idiotic, Perez said. It won’t stop migrants, won’t be supported by Mexican officials, and might trigger a trade war, damaging relations and the economy in both countries, he said.

Related is building projects in Cancun, Zihuatanejo and Mexico City which may reach a value of $2 billion.