Scott Rechler is the Chief Executive Officer and Chairman of RXR Realty LLC (“RXR”), a multi-billion dollar private real estate company which was formed subsequent to the sale of Reckson Associates Realty Corp (“Reckson”) to SL Green in January 2007, one of the largest public Real Estate management buyouts in REIT history.
Mr. Rechler served as Chief Executive Officer and Chairman of the Board during Reckson’s dynamic growth throughout New York City, Long Island, New Jersey, Westchester and Connecticut. Mr. Rechler was the architect of Reckson’s $300 million IPO in 1995 and $6.5 billion sale in 2007 generating a 715% total return to Reckson shareholders.
Since its formation in January 2007, Mr. Rechler has led RXR in becoming one of the New York Tri-State area’s leading real estate companies, accumulating a portfolio with a gross value of approximately $5.5 billion comprised of 106 properties encompassing over 18.0 million square feet.
In June 2011, Mr. Rechler was appointed by New York Governor Andrew Cuomo to serve on the Board of Commissioners of the Port Authority of New York and New Jersey, and in September 2011, Mr. Rechler was named to serve as Vice Chairman of such Board. Mr. Rechler also serves as Chairman of the Port Authority’s Capital Planning Committee where he oversees the Port’s $30 billion capital budget including the World Trade Center redevelopment. In May 2013, Mr. Rechler was appointed to represent Governor Cuomo on the Board of The National September 11 Memorial & Museum at the World Trade Center Foundation, Inc.
Mr. Rechler is actively involved with the Real Estate Roundtable, for which he is a member of the Board of Directors and Co-Chair of its Political Action Committee.
Mr. Rechler prides himself on enhancing the communities where RXR operates. As such, Mr. Rechler serves as a member of the Real Estate Board of New York, member of the Hofstra Honors College Advisory Committee, as well as the NYU Real Estate Institute Advisory Committee. In addition, Mr. Rechler serves as the Co-President of the Board of Trustees for Friends Academy and serves on the Board of many of the regions top cultural institutions such as the Tribeca Film Institute and the Long Island Children’s Museum where he serves as its co-Chairman of the Board.
Mr. Rechler is a graduate of Clark University. He also earned a Masters of Science degree in Real Estate at the New York University Schack Institute.
Michael Maturo serves as President of RXR Realty LLC (“RXR”), a multi-billion dollar private real estate company which was formed subsequent to the sale of Reckson Associates Realty Corp (“Reckson”) to SL Green, one of the largest public Real Estate management buyouts in REIT history. Mr. Maturo played an integral role in the Reckson/SL Green transaction. Mr. Maturo is a founding managing partner of RXR. In this capacity, he develops and implements RXR’s corporate, operating and fund management strategies. Mr. Maturo also serves as RXR’s Chief Financial Officer and has oversight responsibility for all financial, strategic planning, capital markets and investor relations activities. Mr. Maturo is a member of RXR’s Investment Committee and its Board of Directors. He is also a Principal and member of the Investment Committee of RXR Real Estate Opportunity Fund, LLC.
Prior to the Reckson/SL Green merger, Mr. Maturo served as President, Chief Financial Officer and Director at Reckson, where he was responsible for Reckson’s Capital Market’s activities as well as its Accounting, Financing, Strategic Planning, Budgeting, Treasury, Tax Management, Internal and External Reporting and Investor Relations Departments. Mr. Maturo also had oversight responsibility over the company’s investment functions and allocation of capital. Mr. Maturo worked closely with the Company’s CEO in developing and implementing Reckson’s corporate and operating strategies.
Mr. Maturo was at Reckson from 1995 until January 2007 and during his tenure served as Executive Vice President, Treasurer and Chairman of the Investment Committee, where he completed over $10 billion in capital markets transactions, spearheaded Reckson’s IPO of RNY Property Trust (ASX: RNY), a public real estate company listed on the Australian Securities Exchange and established Reckson’s investment grade rating.
Mr. Maturo specializes in diverse phases of real estate finance, including corporate and property debt financings and recapitalization transactions, leading efforts to raise over $2 billion of additional debt and equity capital during this time period.
Additionally, Mr. Maturo is the President, Chief Financial Officer and member of the Board of Directors, of RNY. Prior to joining Reckson Associates, Mr. Maturo was a senior manager with EY Kenneth Leventhal Real Estate Group. Mr. Maturo is a Certified Public Accountant.
In addition, Mr. Maturo serves on a number of outside Boards and Committees including The Board of Directors of the Long Island Association (LIA), the Board of Governors of the Seminary of the Immaculate Conception, The Investment Committee of the Diocese of Rockville Center Pension Plan, The Advisory Committee of The Nassau County HUB Development, and Member of the Real Estate Roundtable.
Jason Barnett is one of the founding managing partners of RXR Realty LLC (“RXR” or the “Company”) where he serves as Vice Chairman, General Counsel, and Secretary of the Company. RXR is a fully integrated, multi-billion dollar private real estate company which was formed subsequent to the merger of Reckson Associates Realty Corp (“Reckson”) (NYSE: RA) with SL Green, one of the largest public Real Estate management buyouts in REIT history. In this capacity, Mr. Barnett is involved in many aspects of the Company’s business. In addition to being responsible for all legal and compliance matters for the Company, Mr. Barnett is also responsible for overseeing the Company’s transactional activities as well as the Company’s corporate initiatives. Mr. Barnett is also a member of the Investment Committee of RXR.
Prior to the Reckson/SL Green merger, Mr. Barnett served as Senior Executive Vice President – Corporate Initiatives, General Counsel and Secretary where he was responsible for all legal matters and corporate initiative related matters and integrally involved in the structuring and execution of over $6 billion of acquisitions, financings and capital market transactions.
Since forming RXR in 2007, Mr. Barnett has been involved in over $4 billion of transactions building RXR into one of the New York Tri-State areas leading real estate companies comprised of over 100 properties and 19 million square feet.
Mr. Barnett is also the Senior Executive Vice President, General Counsel and member of the Board of Directors, of RNY Property Trust (ASX: RNY), a public real estate company listed on the Australian Securities Exchange.
Mr. Barnett has extensive experience with both the Public Company and Private Fund structures. Mr. Barnett is a frequent speaker at industry conferences on such topics as transaction structures, joint ventures, Real Estate capital markets and corporate and compliance related matters.
Prior to joining Reckson, Mr. Barnett practiced in the corporate and securities department of Sidley Austin Brown & Wood, LLP, an international law firm, where he focused on Capital Markets and Real Estate Investment Trusts. He is a member of the American Bar Association, National Association of Real Estate Investment Trusts, the Real Estate Board of New York and is admitted to the Bar of the State of New York.
Mr. Barnett serves as a Director, Trustee or Advisor for a number of community based organizations. Mr. Barnett earned a Bachelors of Arts from Clark University, attended the London School of Economics and earned his Juris Doctor from Emory University School of Law.
Mr. Conniff serves as Chief Operating Officer of RXR and Fund Manager for the Tri-State Prime Property Venture. Mr. Conniff joined Reckson in 1994 as a Senior Financial Analyst and was promoted to Corporate Senior Vice President of Investments and Chairman of the Investment Committee. Mr. Conniff was responsible for the analysis of all investment opportunities including acquisitions, dispositions, joint ventures and structured finance investments as well as the related due diligence, negotiation and closing of said transactions.
From 1992-1994, Mr. Conniff was employed by Cushman & Wakefield as a Financial Manager and Portfolio Manager with responsibility for the supervision and financial management of a 3 million square foot portfolio on Long Island. From 1989-1992, Mr. Conniff was employed by VMS Realty Partners as Vice President of Asset Management.
Mr. Conniff serves as a board member of several charitable educational foundations and was recently elected Vice Chairman of the Old Westbury College Foundation Inc. Mr. Conniff holds a bachelor’s degree in finance from the City University of New York.
Todd Rechler serves as Co-Chief Operating Officer and President of RXR’s Construction and Development. RXR is one of the Northeast’s leading real estate owners, developers and managers of Class A commercial and luxury residential real estate. Based in Short Hills, New Jersey, one of RXR’s regional headquarters, Mr. Rechler oversees the New Jersey division’s 3.5 million square foot premium real estate portfolio. He has a solid background in commercial real estate construction, development and property management. Since 1994, he has been instrumental in the successful integration of the management of over eleven million square feet of newly acquired or developed properties.
Mr. Rechler is actively involved in the communities in which he works and lives. He serves in numerous leadership roles at charitable organizations across the region.
Frank Patafio serves as a Senior Executive Vice President, Portfolio manager and Head of Acquisitions for RXR Realty LLC (“RXR”). Mr. Patafio is a member of RXR’s Investment Committee. Since joining RXR, Mr. Patafio has worked closely with Senior Management in acquiring over $6.3 billion of assets encompassing 9.6 million square feet.
Prior to joining RXR, Mr. Patafio was a Partner and CFO at the Praedium Group, a Director at Credit Suisse First Boston and a Senior Manager at E&Y Kenneth Leventhal. During Mr. Pafatio’s tenure at Credit Suisse and Praedium, he was responsible for acquiring approximately 19,000 multi-family units for redevelopment or condominium conversion with a gross value of $1.9 billion in the NYC tri-state area.
Mr. Patafio received his Bachelor of Science degree in accounting from St. John’s University and his MBA (with Distinction) in finance from Pace University’s Lubin School of Business. Mr. Patafio is a Certified Public Accountant.
In addition, Mr. Patafio serves as an Independent Director of Northfield Bank, a publicly traded company on NASDAQ.
Frank Adipietro serves as Executive Vice President, Head of Asset Management and Special Situations of RXR Realty. Mr. Adipietro is responsible for leading the overall asset management function at RXR Realty, including long-term strategic financial planning and performance monitoring of all company assets. Mr. Adipietro will also be responsible for management of new non-core investment initiatives as well as the oversight and execution of core and non-core complex, multi-faceted financial real estate transactions. Mr. Adipietro also brings his expertise in acquisition and ground-up development of all asset classes. Additionally, he has worked extensively with the management of highly structured investments including joint ventures and leveraged loans. Mr. Adipietro served as Fund Manager of RXR’s Opportunistic Fund.
Prior to the formation of RXR Realty, Mr. Adipietro was Senior Vice President of Joint Ventures and Alternative Investments of Reckson Associates. Previously he was Senior Vice President with Reckson Strategic Venture Partners, LLC, a $1.5 billion real estate oriented venture capital fund. Prior to joining the Reckson family in 1996, Mr. Adipietro was a Senior Manager at E & Y Kenneth Leventhal Real Estate Group.
Mr. Adipietro holds a Bachelor of Science degree in Finance and Accounting from Fordham University and is a NYS licensed CPA.
Kenneth W. Bauer
Kenneth W. Bauer serves as Executive Vice President of Leasing of RXR Realty. Mr. Bauer has extensive commercial real estate experience in the strategic marketing and the creative structuring of transactions. He has been responsible for the leasing activities of the Company’s Long Island portfolio since 2000. In addition to his oversight of the Division’s leasing activities, Mr. Bauer ensures the integration of all divisional resources to realize short and long-term objectives for the Company and its tenants.
Prior to joining the company, Mr. Bauer was a Director at Cushman & Wakefield where his in-depth market knowledge enabled him to serve in a leadership capacity and earned him numerous tri-state awards.
Tom Carey serves as Executive Vice President and Corporate Controller of RXR Realty. Mr. Carey is responsible for the management and supervision of the Company’s day-to-day financial operations including its accounting processes, internal and external reporting and treasury functions. Additionally, he is responsible for the Company’s audit engagements and commercial banking relationships.
Since October 1996 and prior to the formation of RXR Realty, Mr. Carey was employed by Reckson Associates Realty Corp. as the Corporate Controller and a Senior Vice President. Prior to joining Reckson, from 1986 through 1996, he was the Controller for Rockrose Development Corp., a dominant New York City real estate owner, developer and manager.
Mr. Carey is a Certified Public Accountant and an active participant in the betterment of the communities in which the Company operates. He served a five-year term as a member of the Northeast Regional Board of Directors of Canine Companions for Independence, a non-profit organization and he remains active in the organization. Mr. Carey is a graduate of Hofstra University and holds a degree in accounting and business administration.
William Elder is the Managing Director of RXR’s New York City division and an Executive Vice President of RXR Realty. Mr. Elder is responsible for the oversight and management of the Company’s New York City office.
Previously, Mr. Elder worked with RXR’s senior management in expanding and managing Reckson Associates Realty Corp.’s six-building, 5.5 million-square-foot NYC portfolio before Reckson was sold to SL Green Realty Corp. in 2007.
Mr. Elder most recently was Senior Managing Director in the strategic agency services group at Cushman & Wakefield. Prior to that, he served as Executive Vice President of leasing at Ruben Co.. Elder has also held senior positions at SL Green and Shorenstein Co..
Mr. Elder holds a BS from Wagner College and is a board member and treasurer of the East Side House Settlement, an educationally focused charity located in the Mott Haven section of the Bronx. He is also a member of the Real Estate Board of New York.
David Frank, Esq.
Mr. Frank serves as Executive Vice President and Assistant General Counsel of RXR Realty LLC. Mr. Frank is responsible for legal matters related to the Company’s real estate transactions, leasing and operations. Mr. Frank joined Reckson Associates Realty Corp (the Company’s predecessor) in 2000 where he served in a similar capacity. Mr. Frank played a significant role in the execution of Reckson’s merger with SL Green and RXR’s acquisition of assets from SL Green.
Prior to joining Reckson, Mr. Frank served as in-house counsel for Vornado Realty Trust and practiced law as an associate in the real estate department of Fried, Frank, Harris, Shriver & Jacobson LLP. Mr. Frank received his B.S. in business administration from Boston University where he graduated summa cum laude and received his J.D. from the University of Chicago. Mr. Frank is a member of the Real Estate Board of New York and is admitted to the Bar of New York and New Jersey.
Seth Pinsky serves as Executive Vice President and Investment Manager of the RXR Metropolitan Emerging Market Strategy . In this role, Pinsky is leading RXR’s efforts to invest in “emerging opportunities” in New York City and the surrounding Tri-State region, focusing on asset classes and geographic regions that have historically been characterized by underinvestment, but that have significant growth potential due to planned or in-place infrastructure and other relevant characteristics.
Prior to joining RXR, Pinsky served as Director of Mayor Bloomberg’s Special Initiative for Rebuilding and Resiliency, which developed a $20 billion plan to help neighborhoods stricken by Hurricane Sandy to rebuild smarter and stronger and to protect critical citywide systems and infrastructure from the likely impacts of climate change in coming decades.
Pinsky also served as President of the New York City Economic Development Corporation (NYCEDC), a position to which he was appointed by Mayor Michael Bloomberg in 2008, after joining the agency in 2003 as a vice president. During his tenure, NYCEDC became an international leader in the field of economic development, focusing both on transforming the city’s underlying economy and investing in its critical infrastructure.
While at NYCEDC, Pinsky served as a lead negotiator on behalf of New York City for projects ranging from Yankee Stadium and Citifield, to the World Trade Center, to the acquisition of Hunters Point South in Queens, the largest middle-income housing development in the City since Starrett City.
Among the initiatives advanced by NYCEDC under Pinsky’s leadership were the redevelopment of Willets Point in Queens, Coney Island in Brooklyn, the Homeport in Staten Island, and the Kingsbridge Armory in the Bronx, as well as the creation of a major new bioscience research park on City-owned land, north of Bellevue Hospital. Under Pinsky, NYCEDC also managed the construction of the first two phases of the High Line in Manhattan, launched a new East River Ferry service connecting Brooklyn, Queens and Manhattan and announced and advanced plans for the world’s largest observation wheel in St. George in Staten Island.
In the area of economic modernization, under Pinsky, NYCEDC created the Center for Economic Transformation (CET), which, in addition to launching a network of business incubators across the City that, at the time of Pinsky’s departure, housed more than 600 companies, developed and oversaw the Bloomberg Administration’s international Applied Sciences NYC competition. The Applied Sciences competition will result in a significant expansion of Columbia University’s engineering school, as well as the creation of a new engineering institute in Downtown Brooklyn led by NYU that will include CUNY, Carnegie Mellon University and others. It will also result in the creation of a $2 billion engineering campus on Roosevelt Island, being developed by Cornell University and the Technion-Israel Institute of Technology.
Prior to joining the NYCEDC, Pinsky was an associate at the law firm of Cleary Gottlieb, Steen & Hamilton in the Real Estate practice and a financial analyst at James D. Wolfensohn Inc. He is a graduate of Columbia College, where he majored in Ancient History, and of Harvard Law School, and is an Adjunct Senior Research Scholar at Columbia’s School of International and Public Affairs. Pinsky lives in Brooklyn with his wife, Angela and his son, Theo.
Frank Pusinelli, RA
Mr. Pusinelli serves as Executive Vice President of Operations, Property Management and Construction. He is responsible for business planning, budgeting and operational activities. He oversees all tenant improvement and capital construction projects for the Company’s portfolio of assets. Mr. Pusinelli sets policies, procedures and goals for Architecture, Construction and Property Management in keeping with the direction provided for the Company by the Executive Management team.
Mr. Pusinelli joined RXR in 1999. During his tenure at the Company, he has overseen the execution of over $500,000,000 in construction projects, ranging from ground-up development and value creation to customized tenant interiors. Previously, he worked as a project manager and estimator in the construction sector as well as in the architectural and engineering field specializing in municipal architecture and environmental engineering.
Mr. Pusinelli holds a Bachelor of Science degree in Architectural Technology from the New York Institute of Technology and an MBA in Finance from Fordham University. He is a licensed Architect in the State of New York and a member of the American Institute of Architects. Mr. Pusinelli was born and raised on Long Island and currently resides in Nassau County with his wife Margaret and their three children.
Michael McMahon, CPA
Michael McMahon is an Executive Vice President, Portfolio Management and Director of Tax for RXR. Mr. McMahon joined Reckson (predecessor to RXR) in June, 1997 as a Vice President, with the responsibility of starting and organizing the tax department function. During his tenure with the Company, Mr. McMahon has been involved in structuring numerous transactions in a tax-efficient manner.
With the formation in 2005 of RNY Property Trust (ASX: RNY), a publicly-traded Australian listed property trust, Mr. McMahon took on the additional role of Director of LPT Reporting, where he was responsible for monitoring and reporting on all aspects of the LPT’s operations. He has since expanded that role to serve as EVP, Portfolio Management for the Company’s suburban portfolios.
Prior to joining the Company, Mr. McMahon spent four and a half years in the tax department of Ernst & Young LLP’s Real Estate group, specializing in both REIT and partnership taxation matters.
Mr. McMahon is a New York State licensed CPA. He graduated from the College of Staten Island/CUNY with a BS in Accounting, and earned his MBA in Taxation from Bernard Baruch College/CUNY.
F.D. Rich III
F.D. Rich serves as the Executive Vice President and Chief Administrative Officer at RXR Realty LLC. Previously, he was Executive Vice President of Development. Prior to RXR Realty, Mr. Rich served as the Chief Administrative Officer, Chief Information Officer, Executive Vice President, and Managing Director of the Southern Connecticut Division of Reckson Associates Realty Corporation. Mr. Rich has extensive real estate development and management expertise in office, housing and retail developments in various regions throughout the United States and the Caribbean.
Prior to joining Reckson, Mr. Rich was the Senior Vice President with the F.D. Rich Company in charge of its operation, construction and development divisions. Mr. Rich was the developer for the Burnt Store Marina Resort on the west coast of Florida, which included a 492 slip marina, golf course and restaurant. Mr. Rich also served as President of Rich Realty Services, a property management company and President of J.M. Parking Co., a parking management company.
Mr. Rich has also participated extensively in the urban development of several cities in the Northeast. In Stamford, Connecticut, Mr. Rich’s efforts focused on the development, construction and operations of commercial office space in the Downtown Stamford area. He is also a founding member, and previous Chairman, of the Board of the Stamford Downtown Special Services District. Mr. Rich has also served on the boards of the Stamford Partnership and the Stamford Chamber of Commerce. In Baltimore, Maryland, Mr. Rich planned the commercial component, and participated in a senior housing component, for the urban renewal of 352 condominium unit development called Coldspring in New Town. In New York, Mr. Rich, through the New York Urban Development Corporation, has participated as a sponsor, developer and contractor of residential apartments in Albany and Baldwinsville. In addition, he has also participated in the construction of military housing in Maine, Alabama and Indiana.
Glenn Wasserman serves as Executive Vice President of Capital Markets and Strategic Planning of RXR Realty. In this capacity, Mr. Wasserman is responsible for the capital markets, strategic planning, asset management and property accounting activities for the Company. Mr. Wasserman joined Reckson (predecessor to RXR) in April 2004 when he was responsible for the development of the corporate earnings forecasts, balance sheet management, modeling and maintenance of the Company’s long-term strategic planning initiatives and the supplemental reporting process.
Prior to joining the Company, Mr. Wasserman was an Associate in Bear Stearns’ Real Estate Investment Banking group and also served as a Manager in Ernst & Young’s management consulting practice.
Mr. Wasserman received his B.S. from the State University of New York at Albany and M.B.A. from New York University’s Stern School of Business.