During the recession, condominium developer Jorge Perez, like many other developers, saw his business come to halt as fast as the condo market collapsed. But his Miami-based Related Group didn’t have other businesses to fall back on to generate revenue.

Perez and his top executives wasted no time reinventing Related after the Great Recession as a diversified real estate company. Today, Related is a very different company, especially when it comes to risk-taking.