RXR Secures $650 Million to Expand National Platform

RXR, an innovative investor, developer, and place-maker, has secured $650,000,000 in new funding from investors. The company is committed to applying a customer and community-centered approach to building properties, services, and products designed to create enduring value for all stakeholders. This substantial capital infusion marks a significant milestone for the New York-headquartered firm as it continues to execute its national platform strategy. As a vertically integrated operating and development company with over 500 employees, RXR’s expertise encompasses ground-up real estate, infrastructure, and industrial development. Its operations also include uncovering value in underperforming properties, repurposing well-located iconic properties, incorporating cutting-edge technologies, and value-added lending. The firm currently manages 84 commercial real estate properties and investments, with an aggregate gross asset value of $22.4 billion, encompassing approximately 30.3 million square feet of commercial properties and a multi-family residential portfolio of about 6,900 units under operation or development. The newly raised capital will support RXR's continued expansion and strategic objectives. While specific allocation details were not disclosed, the company plans to use the funds for growth initiatives, further developing its diverse portfolio, and exploring new opportunities within its core areas of expertise. This investment underscores investor confidence in RXR’s proven track record and its model for value creation across various real estate sectors. Looking ahead, RXR aims to leverage this funding to build upon its foundational strengths, advance its long-term vision, and expand its footprint in key markets. The company remains focused on delivering innovative solutions and sustainable value through its integrated approach to real estate development and investment.