RXR Chairman and CEO Scott Rechler recently spoke with ULI Foundation Chair Faron A. Hill in a ULI webinar about the challenges and opportunities in the commercial real estate market in the months ahead.
Rechler likened the challenges, such as the $1 trillion in loan maturities looming over the market, to that of a ‘hurricane’ off the U.S. coast, “That hurricane … eventually, it’s going to hit land… the question is when it hits, how hard it hits, and where it hits the hardest.”
With the banking system primarily remaining on the sidelines, Rechler believes that RXR’s package of credit solutions, whether preferred equity, recapitalizations, construction financing, and other products, present the greatest opportunities if lenders and borrowers can be creative and navigate the complexities of the market.
