Chief Executive Officer and Chairman, RXR Realty LLC
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 billion sale in 2007, generating more than 700 percent total return to Reckson shareholders.
Since its formation in January 2007, Mr. Rechler has led RXR in becoming one of the largest owners, managers and developers in New York City and the surrounding region. The RXR platform manages 74 commercial real estate properties and investments with an aggregate gross asset value of approximately $17.7 billion, comprising approximately 23.7 million square feet of commercial operating properties and approximately 6,000 multi-family and for-sale units in various stages of development in the New York metropolitan area as of Sept. 30, 2017, adjusted for transactions through Oct. 18, 2017.
In June 2011, Mr. Rechler was appointed by New York Governor Andrew M. Cuomo to serve on the Board of Commissioners of the Port Authority of New York and New Jersey and served on such board until October 2016. During his board tenure, Mr. Rechler served as vice chairman of such board, and as chairman of the Port Authority’s Capital Planning Committee with responsibility for 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 9/11 Memorial & Museum at the World Trade Center Foundation, Inc. In June 2017, Mr. Rechler was appointed by Governor Cuomo to serve on the board of the Metropolitan Transportation Authority and served as commissioner until March 2019.
Mr. Rechler prides himself on enhancing the communities where RXR operates. As such, he serves as chairman of the Regional Plan Association, is a member of the Real Estate Board of New York, a board member of The Feinstein Institute for Medical Research and a member of the NYU Real Estate Institute Advisory Committee. In addition, Mr. Rechler serves on the board of many of the region’s top cultural institutions such as the Tribeca Film Institute, where he serves as its co-chairman of the board; 9/11 Memorial & Museum Board of Directors, serving as co-chair of the finance and investment committee; the Long Island Children’s Museum; and the Performing Arts Center at the World Trade Center. He also serves on the board of directors for the Drum Major Institute, board of directors for Convene and chairman of the Center for Social Innovation.
Mr. Rechler is a graduate of Clark University. He also earned a M.S. degree in real estate at the New York University Schack Institute.