Last week, RXR and Farallon Capital closed on the recapitalization of 75 Rockefeller Plaza. This transaction marked RXR’s seventh recapitalization in the past two years across 9 million square feet under the firm’s “3R” strategy of resetting basis, restructuring debt and re-tenanting space.
RXR Chairman and CEO, Scott Rechler shared, “We’ve never wavered in our belief in New York City’s office market, but we’re disciplined about backing the right assets. The recapitalization of 75 Rock reflects our conviction that premier properties in world-class locations will continue to outperform.”
