NorthStar RXR | Marketing Materials

Power 100
4. SCOTT RECHLER
CHAIRMAN AND CEO OF RXR REALTY
APRIL 26, 2017

In 2016, RXR Realty reached a milestone: It closed the largest single-asset
transaction in the company’s history.
hat was the $1.65 billion acquisition
of 1285 Avenue of the Americas from
AXA Financial. Simultaneously, RXR
signed a lease renewal with UBS, which
was nearing lease expiration, to keep its
900,000-square-foot North American
headquarters in the 39-story, 1.8-million-square-foot oice building. he
renewal “really de-risked the transaction
before we closed,” Scott Rechler said.
It was a banner year for RXR. Rechler
made $3.72 billion of investments (acquisitions, developments and structured investments) in 2016 compared with $1.88
billion in 2015. But the company closed
on $530.3 million of asset sales and recapitalizations versus $4.05 billion in 2015.
In 2016, RXR secured $225 million in financing from PNC Bank to

fund its redevelopment of Pier 57,

commenced construction
on the pier and signed a
250,000-square-foot lease with
Google at the complex.
RXR is also making a name
for itself as a lender. Last year
the irm loaned Extell Development Company $463 million
for the construction of three
Manhattan residential and
mixed-use properties. he deal
“was complex and had a lot of
moving pieces,” Rechler said.
Finally, the company broke
ground on about 2,500 multifamily units in Brooklyn and in the
suburbs, Rechler said.
To “augment our team,” Rechler noted,
RXR hired Joanne Minieri, the former
president and chief operating oicer of

Forest City Ratner, as the new executive
vice president and chief operating oicer
of its construction and development

arm. And a month ago, David Garten started as senior vice president of
infrastructure investment and emerging
submarkets at RXR. He served as chief of
staf to Rechler, while the latter was the
vice chairman at the Port Authority of
New York & New Jersey.
—LAUREN ELKIES SCHRAM

This article is provided for informational purposes regarding the commercial real estate environment only in the New York metropolitan area. The publisher of this article is not
affiliated with NorthStar/RXR New York Metro Real Estate (NorthStar/RXR), and NorthStar/RXR made no payment or gave any consideration to the publisher in connection with the
publication of this article. Mr. Scott Rechler is a member of RXR Realty LLC’s (RXR Realty) leadership team and is not employed by the issuer, NorthStar/RXR. He may face
conflicts of interest relating to his obligation to other RXR Realty affiliated entities. Performance of RXR Realty is not indicative of performance of NorthStar/RXR and an
investment in NorthStar/RXR is not an investment in RXR Realty. NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York
metropolitan area, especially New York City and to risks inherent in geographic concentrations. Because of this concentration, any adverse situation that disproportionately affects the
New York metropolitan area, including a worsening economy, would have a magnified adverse effect on our portfolio. This is neither an offer to sell nor a solicitation of an offer to buy
securities. An offering is made only by the prospectus. This material must be read in conjunction with the prospectus in order to fully understand all of the implications and risks

of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by
a prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any
other state securities regulator has approved or disapproved of our common stock, determined if the prospectus is truthful or complete or passed on or endorsed the merits of this
offering. Any representation to the contrary is a criminal offense. An investment in NorthStar/RXR involves a high degree of risk, including: (1) no public market for its shares; (2) no
assurance that the investment objectives of this program will be attained; (3) the financial risks associated with fluctuations in the real estate market, including decreases in some or all of
the value over time; (4) there is no guarantee of distributions. Distributions have been paid and may continue to be paid from sources other than cash flow from operations,
including offering proceeds, borrowings or sales of assets and distributions may exceed earnings, which may reduce an investor’s overall return; (5) fees paid to NorthStar/RXR’s
advisor, sub-advisor and their affiliates are substantial and were not determined on an arm’s length basis and reduce the amount the program can invest in income-producing assets,
which may reduce an investor’s overall return; (6) there are no assurances that this program will ever complete a liquidity event; and (7) NorthStar/RXR has not yet qualified to be taxed
as a REIT, if it fails to qualify as a REIT for federal income tax purposes, its cash available for distribution and the value of its shares could materially decrease. Securities offered by
NorthStar Securities, LLC, member FINRA/SIPC. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.

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