Tishman Speyer to Establish Affordable Housing Platform

Tishman Speyer

Rodney Brings More than Two Decades of Affordable Housing Experience in the Public and Private Sectors to Newly-Created Role

NEW YORK, JULY 20, 2020 — Tishman Speyer President and CEO Rob Speyer today announced the firm has hired Gary Rodney to help establish and manage a new affordable housing platform that will initially focus on the New York City region. 

Rodney will help Tishman Speyer source opportunities to acquire, redevelop and engage in ground-up construction of quality housing that is affordable to low- and middle-income New Yorkers throughout the five boroughs. 

Rodney brings more than two decades of experience related to the development and financing of affordable housing to his newly-created Managing Director role at Tishman Speyer. For the past four years, Rodney served as Chairman of CREA, LLC, where he worked with the senior management team and its partners to help finance quality affordable housing in cities throughout the country. 

Immediately prior to CREA, Rodney served as President of the New York City Housing Development Corporation (HDC),one of the nation’s most active Housing Finance Agencies and the largest municipal issuer of mortgage revenue bonds for affordable multi-family housing.  During his tenure at HDC, Rodney oversaw approximately $14 billion of assets, including a multifamily portfolio of over 190,000 units and approximately $10 billion in mortgage loans.

“Now more than ever, our public and private sectors must work together to create a new generation of quality affordable housing for New Yorkers of all income levels,” Rob Speyer said. “We all must do our part in addressing an affordability gap that affects thousands of people, including those who perform vital tasks in our hospitals, schools, construction sites and other essential institutions. I am thrilled that Gary Rodney will help lead this charge within Tishman Speyer.” 

“I am honored to join the deep, experienced and ever-growing team of design, finance, construction and development professionals at Tishman Speyer,” Rodney said. “Tishman Speyer combines unparalleled placemaking and attention to detail with an innate ability to take on complex challenges. I am looking forward to seeing these skills brought to bear in the affordable housing space.”

Prior to HDC and CREA,Rodney served as Executive Vice President for Development at Omni New York, LLC, a real estate development company that focused heavily on the preservation and development of affordable housing properties, and as Director of Development at BFC Partners.  

Rodney received his B.A. from the University of Rochester and a Masters of Urban Planning from New York University’s Robert F. Wagner Graduate School of Public Service.  He currently serves on the Board of Directors for the NYU Furman Center for Real Estate and Urban Policy, the Community Preservation Corporation, the New York State Association for Affordable Housing and the New York Housing Conference. 

About Tishman Speyer

Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate in 29 key markets across the United State, Europe, Asia and Latin America. Tishman Speyer’s visionary leadership team and on-the-ground experts are unparalleled in their ability to foster innovation, anticipate global and local needs, and cultivate new initiatives, such as Zo and Studio, which focus on the well-being of the people who inhabit its buildings. Founded in 1978, Tishman Speyer develops, builds and manages premier office, residential and retail spaces for industry-leading tenants, as well as state-of-the-art life science centers through its Breakthrough Properties venture. Tishman Speyer’s portfolio, valued at approximately $94 billion (US) and totaling 175 million square feet across 411 properties, incorporates such iconic projects as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and the Mission Rock neighborhood currently being realized in San Francisco.

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