EVP & Managing Director, RXR
As Managing Director of RXR’s New York City division and an Executive Vice President of RXR Realty, William Elder is responsible for the oversight and management of the company’s New York City office portfolio.
When RXR decided to return to in New York City in 2010, they tapped Mr. Elder to help it reestablish a local operating platform and seek additional investments in Manhattan with his broad market knowledge and acumen. Since joining the firm, he has helped steer RXR on an aggressive post-recession acquisition and expansion including the iconic Starrett-Lehigh Building in West Chelsea, one of Manhattan’s 10 largest office buildings, housing some 5,000 employees in 2.5 million square feet. Other strategic acquisitions of statement properties followed, including 450 Lexington Avenue, 237 Park Avenue and 75 Rockefeller Plaza.
In less than five years, RXR’s portfolio has grown from 1.5 million to more than 10 million square feet of commercial office, encompassing the trophy property 1330 Avenue of the Americas, 75 Rockefeller Plaza, 340 Madison Avenue, 620 Avenue of the Americas and numerous others. Not only has the firm gained a reputation for being a voracious buyer of major office buildings in the city at a steep discount to replacement cost, but it is also known as a highly skilled operator able to unlock hidden value in a property.
Called a 24/7 deal-maker by colleagues and the business media, Mr. Elder joined RXR after working with RXR’s senior management in expanding and managing Reckson Associates Realty Corp.’s six-building, 5.5 million-square-foot New York City portfolio. When Reckson was sold to SL Green Realty Corp. in 2007, Mr. Elder joined SL Green in a senior management role.
Mr. Elder began his real estate career at Shorenstein Company where he spent over 15 years, ultimately running the leasing division on the East Coast. Mr. Elder also previously served as Senior Managing Director in the Strategic Agency Services group at Cushman & Wakefield.
The recipient of the 2013 Andrew Glover Youth Program’s Community Service Award, Mr. Elder is a board member of the East Side House Settlement, an educationally focused charity located in the Mott Haven section of the Bronx. He is also a member of the Real Estate Board of New York and is also very active in The Friends of The Highline and Friends of Hudson River Park. A graduate of Wagner College Mr. Elder resides in Bronxville, New York with his wife Katie and three daughters Peyton, Grayson and Eliza.