Brendan Wallace is a co-founder and Managing Partner at Fifth Wall, where he guides the firm’s strategic vision.Prior to starting Fifth Wall, Brendan co-founded Identified, a workforce optimization data and analytics company that raised $33 million of venture funding and was acquired by Workday (NYSE: WKDY) in 2014. He also co-founded Cabify, the largest ridesharing service in Latin America, and has been an active investor, leading more than 60 angel investments including Bonobos, Dollar Shave Club, Lyft, SpaceX, Clutter, and Philz Coffee.Brendan started his career at Goldman Sachs in the real estate, hospitality, and gaming group before joining The Blackstone Group’s real estate private equity practice.Brendan is from New York City and currently lives in Venice. He graduated from Princeton University, where he received his BA in political science and economics. He received his MBA from the Stanford Graduate School of Business.View the profile
Scott Rechler is the Chief Executive Officer and Chairman of RXR, one of the largest owners, managers, and developers of real estate and infrastructure in the New York metropolitan region.With an aggregate gross asset value of approximately $20.5 billion, comprising approximately 25.5 million square feet of commercial properties, a multi-family portfolio of approximately 6,000units, RXR seeks to build and create stronger communities within itsbuildings and within the areas where it operates. As Chairman and CEO, Scott believes that RXR’s success is inextricably linked to the health and vitality of the broader community.As an appointee of New York Governor Andrew Cuomo, from 2011 to 2016, Scott served on the Board of Commissioners as Vice Chairman forthe Port Authority of New York and New Jersey. He later served at the request of Governor Cuomo on the Board of the New York Metropolitan Transportation Authority (MTA) from 2017 to 2019.Inaddition to his role at RXR, Scott currently serves as chair of the Regional Plan Association, trustee and Vice Chair of the National September 11 Memorial and Museum at the World Trade Center, member of the Real Estate Board of New York(REBNY), a Board member of The Feinstein Institute for Medical Research, and a member of the NYU Real Estate Institute Advisory Committee.Scott alsoserves on the Board of the Tribeca Film Institute, where he serves as its co-Chair.View the profile
About the talk
Brendan Wallace talks with Scott Rechler, Chairman & CEO at RXR Realty LLC on his vision on making investment decisions, social impacts on sustainability, new opportunities, and technologies to create more sustainable projects, interesting parallels in proptech, which are really become integrated into our DNA.
03:45 Changes of the last 5-10 years
09:35 Collective action issue solution
26:48 COVID-19 impact
28:30 Short-term and long-term response to the pandemic
33:45 What to be optimistic about
Scott thank you so much for joining. I have to say I love your background every time we do a Zoom call. You have a more and more interesting background is so this is actually we had the Mr. Brainwash the artist who was actually based out of LA, but there's been a lot of New York and during the coming out of the worst of the pandemic when we were needed to create some inspiration for our city. We have asked him to do some paintings worth it up. Love about the strength of New York City about coming together that we will persevere. So we have is all of our five
Times Square building on 42nd Street in Times Square and try to create some good inspiring and coming together for New York. I love it. I think I was like the perfect parallel to what we're going to talk about that but also to the beautiful artwork you have in your office. I doubt that was also amazing. Thank you. I love to hear just how you and RXR think about sustainability as an all-state organization that I think we think about it and holistically everything we do there's an opportunity to create sustainability is the weather that
repositioning one of our existing buildings and then changing out of your windows are system to redeveloping buildings that there are more obsolete and redeveloping for the 21st century and then making them more sustainable and in that process to thinking about the ecosystem how people operate in the behaviors and people that work in our building in trying to influence those behaviors to be more sustainable as we go forward to a lot of our public advocacy and initiative that we take within the community
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