A BLEND OF NEW AND VETERAN EXECUTIVES HAVE REFILLED THE FIRM’S PIPELINE
By Murray W. Wolf
Rich Rendina (left) and Todd Varney of Rendina Cos., with a portrait of the firm’s late founder Bruce Rendina, at the company’s Jupiter, Fla., offices.
HREI™ photo
You might recall that Rendina Cos. sold about 28 properties to Windrose Medical Properties in 2005. At the time, it appeared simply to be a case of a savvy healthcare real estate development firm capitalizing on a run-up in prices for medical office buildings (MOBs). After all, then- Chairman and CEO Bruce A. Rendina hadn’t become one of the nation’s most successful and best-known MOB developers without a keen sense of timing.
But suddenly it seemed that the company’s motivations might be more than just financial. Word began to spread in the winter of 2005-06 that Mr. Rendina had been diagnosed with a brain tumor. Sadly, the rumors were true, and he passed away on Dec. 13, 2006, at the age of 52.
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