RXR has appointed Gerard Norcia executive vice president and head of its residential business unit and Whitney Arcaro COO.
Norcia will oversee the expansion of RXR’s residential business in its core New York–area markets and other metropolitan areas, including Boston; Charlotte, N.C.; Chicago; Dallas; Denver; Los Angeles; Miami; Philadelphia; Phoenix; Raleigh, N.C.; and Tampa, Fla.
His responsibilities will include identifying investment and development opportunities, capital allocation, acquisitions, financing, asset management, and dispositions. He will also collaborate with RXR’s investment management group on residential investments and relationships with capital partners.
Before joining RXR, Norcia served as CEO of Olmstead Properties and executive vice president of portfolio management at Southern Land Co. He previously spent nine years at J.P. Morgan Asset Management’s Global Real Assets business as a managing director and nine years at Prudential
