Scott Crowe joined RXR as executive vice president, chief strategy officer and head of capital markets on Jan. 1, a spokesperson said in an email.
It is a new position, and he will be based in New York, the spokesperson added. Crowe will report to Scott Rechler, chair and CEO, and Michael Maturo, president.
Crowe will lead the real estate investment manager in the expansion of its platform, leveraging the firm's operating capabilities to provide insights and solutions to a clients, according to a Jan. 19 news release. He will also work with the firm's founding partners to develop and carry out key strategic initiatives and serve on the firm's investment committee.
"I am thrilled to be joining a firm that complements its investment management platform with significant operational resources and competencies, in addition to being surrounded by some of the smartest people in the industry," Crowe said in the news release.
The hiring of Crowe is part of RXR's move to enhance its sector-oriented offerings, which include strategies focused on rental housing, high-yield credit and the dislocation of the office market, the news release added.
"At this pivotal time in the real estate industry, we believe that RXR offers an attractive value proposition built upon our operational excellence and cycle-tested investment acumen," Rechler said in the news release. "We are delighted to have Scott on our team to assist in the execution of our strategic plan as well as engage with our existing clients and expand our investor base."
Crowe previously was president and chief investment strategist at CenterSquare Investment Management. The alternative investment manager has “no immediate plans to replace the role formerly filled by” Crowe, said Kristina Harshany, director of marketing and communications at CenterSquare, in an email.
Crowe has also served as chief investment officer of liquid alternatives at Resource Real Estate, global portfolio manager at Cohen & Steers and head of global real estate research at UBS.
RXR had $19 billion in assets under management as of Dec. 31.
