This week, Commercial Observer highlighted RXR’s REX Loan Services platform as part of the broader shift among commercial real estate owners moving into CMBS special servicing. As more firms look to leverage operational expertise in resolving distressed assets, the publication pointed to RXR as a leading example of how owner-operators are bringing deep market knowledge to the credit business.
“For us, the clear advantage is our expertise in an asset class that really was under siege for many years and there is still a tremendous number of office buildings that have to be resolved,” said Steven Schwartz, RXR EVP and Head of Real Estate Credit. “Getting involved in the CMBS business as a workout entity — as a special servicer — is just one of the things that really complements the rest of our lending business, and we’ve got all this expertise in office. So, if anybody can figure out how to deliver a solution, it’s us.”
