We are seeing rising multifamily distress with delinquency rates at 7.2%. As a fully integrated owner and operator of office and multifamily properties, we are uniquely positioned to maximize resolutions on behalf of CMBS trusts. If interest rates remain above 5%, we could see a 15% increase in distress sales in the multifamily sector by Q3.
RXR Realty is actively engaging in both multifamily and office transactions in New York City, serving as buyer, seller, and sponsor across deals valued from $150M to $475M at cap rates of 5.8% to 6.65%.
The firm demonstrates a pattern of capitalizing on distress opportunities in multifamily while pursuing anchor tenants and public-private partnerships for project advancement.
This balanced approach highlights operational integration to navigate market challenges.
Multifamily
bearishRising distress with delinquency rates at 7.2%, potential 15% increase in distress sales if rates above 5%, and positioning to maximize resolutions for CMBS trusts.
Office
bearishFully integrated operations positioned to maximize resolutions on behalf of CMBS trusts.
Chairman & CEO
Leads RXR, a major NYC-area owner/operator. Former Port Authority vice chairman. Influential voice on NYC office-to-residential conversion and transit-oriented development.
Executive Vice President and Head of Real Estate Credit
Activity Snapshots
Mar 1
4
deals
End of Firm Intelligence ยท 6 Quotes ยท 2 Executives