NEW YORK, NY (November 20, 2024) |
The Federal Reserve Bank of New York announced that Scott Rechler, chairman and chief executive officer of RXR, has been reelected as a Class B Director representing Group 1, which consists of banks with capital and surplus of more than $2 billion. Rechler will serve a three-year term ending December 31, 2027.
RXR is a real estate investment manager, operator, and developer headquartered in New York City. Before starting RXR, Rechler served as the chair and CEO of Reckson Associates Realty Corp and as co-founder and board member of American Campus Communities.
Rechler serves as trustee and vice chair of the National September 11 Memorial and Museum and chair of the Feinstein Institute for Medical Research. He is a member of the Real Estate Board of New York, the Real Estate Roundtable, and the NYU Real Estate Institute Advisory Committee. In addition, he is a board member for Northwell Health, the Hospital for Special Surgery, and New York University.
Rechler previously served as the chair of the Regional Plan Association, as a board member of the Metropolitan Transportation Authority, and as vice chairman for the Port Authority of New York and New Jersey.
Rechler is a graduate of Clark University and the Schack Institute of Real Estate at New York University.