Rendina Healthcare Real Estate is proud to announce that Bruce A. Rendina has been posthumously awarded the 2014 HREI Insights Award for Lifetime Achievement. The prestigious award was presented last December at the HREI Insights Awards, which were held at the RealShare Healthcare Real Estate Conference in Scottsdale, Ariz.
The HREI Insights Awards are the first and only awards program dedicated to highlighting excellence and notable achievements in the healthcare real estate industry. Healthcare Real Estate Insights, the premier national healthcare real estate magazine, organized the event and presented various awards to many of the industry’s leaders. The Lifetime Achievement Award is the capstone of the HREI Insights Awards, and seeks to honor an individual who has provided superior leadership and has made extraordinary contributions to the healthcare real estate sector.
Richard M. Rendina
Chairman and CEO of Rendina
We are deeply honored that Bruce is being recognized for the lasting impact he has had on our industry. Bruce founded and built our company through collaboration and with innovative ideas, and in the process he helped to shape the healthcare real estate industry that we know today.
Bruce Rendina’s legacy in healthcare real estate began nearly 30 years ago with the founding of his first development company. In the decade he spent leading the company, he developed 25 medical office buildings in seven states. Bruce eventually moved on to form a new company that would bear his name: Rendina Healthcare Real Estate. The company has since developed more than 100 properties across 15 states and is currently thriving under the leadership of Bruce’s three sons, Richard, Michael and David.
During his tenure as the Chairman and CEO of Rendina, Bruce developed and negotiated more than 5 million square feet of real estate in 14 states, valued in excess of $4 billion. His success, and that of his company, was in large part attributable to his ability to devise creative solutions to challenging situations. Most notable was his use of a creative shared ownership program, dubbed by Bruce himself the “Equity Participation Program.” The program offered a way for physician-tenants to share in the ownership of healthcare real estate without having to offer up capital or take on the traditional risks of development. This popular concept helped to propel Rendina to the forefront of the healthcare real estate industry.
In addition to his focus on real estate development, Bruce also founded Paramount Real Estate Services, a property management company that was responsible for managing more than 5 million square feet of medical office space across the nation.
During his lifetime, Bruce received several distinguished awards, including the Ernst & Young Entrepreneur of the Year Award in 1997, a benchmark for peer recognition of his career achievements. Bruce also received Palm Beach County Medical Society’s Heroes in Medicine Award, and was posthumously recognized by the South Florida Real Estate Journal with their Ultimate CEO Award in 2007.
Through all of his endeavors in life, Bruce always considered his role as a husband and father to be the most important. Bruce is survived by his wife Marjorie and his three sons: Richard, Michael and David. Today, Bruce’s legacy carries on at Rendina Healthcare Real Estate. Those who knew him best share stories of his passion, hard work and keen ability to foster relationships. The Rendina Family Foundation, formed by Bruce and Marjorie in 1997, continues to help fund cancer research and improve the quality of life for families and individuals who have been affected by the disease. Since its inception, the foundation has donated more than $5 million to organizations nationwide.