RXR and Hudson Realty Capital (Hudson), a fully integrated commercial real estate lender, have formed RXR- major markets throughout the United States.
Over the next several years, RXR-Hudson anticipates lending more than $2 billion in sectors such as housing, industrial and healthcare-related industries.
“As RXR continues its national expansion into other major markets, RXR-Hudson is well-equipped to capitalize on the rapidly evolving trends coming out of the pandemic,” said Scott Rechler, chairman and CEO of RXR. “Hudson’s national origination network and expertise in real estate finance combined with RXR’s multi-disciplined franchise will enable RXR-Hudson to source and execute on a robust pipeline of opportunities in its targeted loan space.”
RXR-Hudson will originate traditional loans including bridge, mezzanine or preferred equity-type investments to facilitate the acquisition, construction or recapitalization of real estate assets. The platform will also direct a portion of investments towards Opportunity Zones, sustainability initiatives and minority and women-owned businesses.
RXR-Hudson will leverage corporate synergies with uniquely compatible real estate and credit skill sets to create a nationwide commercial real estate debt platform. Both companies have decades of experience and are comprised of experienced teams with proven track records and expertise in real estate financing. To supplement the team, Jason Kirschner, managing director of finance and capital has been hired to focus on scaling the RXR-Hudson debt portfolio. Kirschner was formerly senior vice president of finance and capital markets at Brookfield Property Partners, where he was responsible for a debt portfolio of more than $20 billion for office, multifamily, hotel and development properties.
