#19. Scott Rechler, Chairman and CEO of RXR Realty
Formed shortly after the sale of Reckson Associates to SL Green in 2006, RXR and its chief executive, Mr. Rechler, sat on the sidelines throughout the darkest days of the economic collapse—in part because of a non-compete agreement with SL Green. Now back in action since 2009, the company has amassed some $4 billion in assets and about 11 million square feet of property. Most recently, the group bought into a partnership interest at 340 Madison Avenue and took 1330 Avenue of the Americas.
Published: July 27, 2011
Filed Under: Community Relations
The RXR platform manages 72 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.1 million square feet of commercial operating properties and approximately 6,300 multi-family and for sale units in various stages of development in the New York Metropolitan area. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.