Scott Rechler
CEO and Chairman, RXR
Scott Rechler is the CEO and Chairman of RXR, a fully integrated real estate company and investment manager that owns and manages over 30 million square feet of commercial properties and more than 9,600 multifamily units. RXR specializes in public-private partnerships and master developments that include the $4 billion development of Terminal 6 at JFK International Airport, and a 1,100-acre, $3 billion mixed-use development in Raleigh, North Carolina. RXR also operates a billion-dollar credit platform that leverages its real estate expertise for various commercial real estate lending products. RXR’s expanding geographical footprint extends beyond the New York metropolitan region into some of the nation’s fastest-growing markets, such as Phoenix, Denver, Dallas, Raleigh, and Tampa.
Before launching RXR, Scott was the Chair and CEO of Reckson Associates Realty Corp (NYSE: RA), a company he helped take public in 1995. RXR was founded in 2007, the day after Scott and his partners sold Reckson Associates to SL Green (NYSE: SLG) for over $6 billion, generating a 700% return for Reckson’s investors (assumes reinvestment of all dividends). Since its founding, RXR has raised over $10 billion in private equity and built an integrated team of more than 415 professionals with expertise in operations, construction and development, investment management, and more.
Scott is currently serving his second three-year term on the Board of the Federal Reserve Bank of New York, which oversees the Second Federal Reserve District, the largest Reserve Bank in terms of assets and activity volume. He is a member of the bank’s Audit and Risk Committee, which assesses the adequacy and effectiveness of controls over financial reporting and the bank’s compliance with legal and regulatory requirements, including its responsibilities for executing operational activities related to monetary policy.
From 2011 to 2016, Scott served as Vice Chairman of the Board for the Port Authority of New York and New Jersey, the country’s largest bi-state authority. During this tenure, he chaired the organization’s committee on Capital Planning, Execution, and Asset Management, guiding the authority to become a national leader in public-private partnerships through the award-winning transformation of LaGuardia Airport, the replacement of the Goethals Bridge, and the redevelopment of the World Trade Center complex. Scott also shaped the authority’s over $30 billion ten-year capital plan.
From 2017 to 2019, Scott served on the Board of the Metropolitan Transportation Authority (MTA), the largest public transportation provider in North America, where he led the agency’s cost containment working group, implementing efficiency measures within the capital planning program.
From 2017 to 2023, Scott served as the Chair of the Regional Plan Association (RPA), an independent non-profit civic organization that develops and promotes ideas to improve the economic health and quality of life in the New York metropolitan area.
Scott also served on the Board of American Campus Communities (NYSE: ACC) after Reckson acquired a controlling interest in the company in 1998 and later took the company public in 2004. ACC became the largest student housing company in the United States and was acquired by Blackstone for $13 billion in 2022.
Scott currently serves as a trustee and Vice Chair of the National September 11th Memorial and Museum and is on the Board of Trustees of New York University (NYU). He is actively engaged with several of the region’s top healthcare systems, serving as Chair of The Feinstein Institute for Medical Research and being a member of the Board at Northwell Health, as well as the Board of the Hospital for Special Surgery (HSS). Additionally, Scott is an active board member of the Real Estate Roundtable (RER) and the Real Estate Board of New York (REBNY).