Finance & Economy

Real Estate

Former Vornado CEO, Mike Fascitelli, on the state of CRE

July 23, 2020

Former Vornado CEO, Mike Fascitelli, on the state of CRE

Michael Fascitelli

Co-Chairman, Landscape Acquisitions; Former CEO, Vornado Realty Trust; Co-Owner, Milwaukee Bucks

Mike discusses his time as CEO of Vornado Realty Trust, the current market outlook for CRE, and more.

On the latest Walker Webcast, W&D hosted Mike Fascitelli, Chairman of the Investment Committee at Cadre and former Vornado CEO.

A handful of highlights from Mike’s discussion with Walker & Dunlop’s CEO, Willy Walker, include:

  • Mike's time as CEO of Vornado Realty Trust
  • The current market outlook for CRE investors
  • Market parallels between the Great Financial Crisis and today
  • and more!

A bit about each speaker:

Willy Walker
Willy Walker

Willy Walker is Chairman and Chief Executive Officer of Walker & Dunlop. Under Mr. Walker’s leadership, Walker & Dunlop has grown from a small, family-owned business to become one of the largest commercial real estate finance companies in the United States. With a $32B transaction volume in 2019, Walker & Dunlop is ranked top three with Fannie Mae, Freddie Mac, and HUD.

Mike Fascitelli

Mike Fascitelli is the Chairman of the Investment Committee of Cadre. He is also a managing partner and co-founder of the Imperial Companies. He is the former President and Chief Executive Officer of Vornado Realty Trust and former President of Alexander’s, Inc. He currently serves as a Trustee of the Board of Vornado Realty Trust. He is a member of the Class of 1978 of the University of Rhode Island where he received his BS in Industrial Engineering, Summa Cum Laude. After graduating from URI, Mr. Fascitelli joined the Bristol Myers Company. In 1982 he received his MBA with highest distinction from the Harvard Graduate School of Business Administration. As an undergraduate student, Dr. Frederick was admitted to Howard University’s B.S./M.D. dual degree program. He completed the requirements for both degrees in six years, allowing him to earn both his Bachelor of Science and his medical degree by the age of 22.

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