RXR Realty is a vertically integrated real estate and infrastructure owner, investor, operator, and developer headquartered in New York City.
RXR is a privately held company that employs around 450 professionals with experience in operations, real estate development, construction, investment, and asset management.
[8] In 2016, RXR Realty completed the purchase of Garvies Point, a waterfront mixed-use development in Glen Cove, Long Island.
[12] The Financial Times further reported that the firm would explore converting office buildings into housing, and noted the legal challenges and costs associated with these conversions.
[13] However, the Commercial Observer identified 47 Hall Street in Brooklyn as having high vacancy rates, and Crain's New York Business reported that RXR was exploring the conversion of the Adams Express Building in Manhattan to residences.
[14] RXR has also begun lending against office and apartment assets; Rechler predicted in February 2023 that the firm would originate some $2 billion in loans over the year.