Bruce Rasher is the Keynote Speaker for Wednesday, July 22, 2020.
Bruce serves as Redevelopment Manager of the RACER Trust, an environmental response trust created by the U.S. Bankruptcy Court for the Southern District of New York in 2011 to assume title to, clean up, reposition and sell the real property abandoned by GM in its 2009 bankruptcy. The portfolio consisted of: 336 tax parcels, 34 MM SF in 55 buildings on 6,776 acres of land in 83 locations in 14 states. The Trust’s mandate, as stipulated in a 2010 Consent Decree and Settlement Agreement entered into by the U.S., the St. Regis Mohawk Tribe and the 14 states, is to clean up and sell these properties to buyers who will invest in new development, restore tax base and create jobs to help the communities hurt by GM’s bankruptcy.
Bruce is responsible for managing the marketing and sale of the Trust’s properties, in consultation with the Administrative Trustee and Federal, state and local officials, as well as governmental affairs and communications. To date, RACER Trust has completed 77 sales resulting in pledges of more than $4.1 billion in private investment and 17,374 jobs. Prior to joining RACER Trust, Bruce was a Vice President with CBRE and based in Detroit. Previously, Bruce was Manager of Corporate Real Estate for Consumers Energy.
Bruce has a BS in Agriculture & Natural Resources from Michigan State University and an MBA in Finance from Western Michigan University. Bruce is the former mayor of Marshall, Michigan.