2025-Innovators in Commercial Real Estate-Michael Kessler of The Douglaston Companies

Impact Highlight: Describe a recent program, initiative, or process implemented by you and the impact on your firm, organization, or community. Over the last 35 years, I have led financing strategies that advanced Douglaston’s most ambitious projects, from mixed-income housing to senior and affordable developments. By strategically aligning capital with community outcomes, we’ve expanded affordable housing, fostered neighborhood revitalization, and delivered projects that create lasting value for residents and communities.

Corporate Culture: How does your organization foster a culture of innovation among employees and leadership? Our leadership team values growth and evolution in our employees. We foster innovation by exploring ways in which we can utilize AI to increase efficiency, and continuously seeking ways to build and operate in a more streamlined way. Additionally, our strong continuing education programs encourage our employees to strengthen their knowledge base and collaborative skill sets. I believe we can build better neighborhoods by building from within.

Beyond Buildings: How do you see innovation in commercial real estate creating a broader impact on communities and the people who live and work in them? Innovation in real estate extends far beyond bricks and mortar, it’s about shaping inclusive, connected communities. By integrating sustainability, affordability, and design thinking, we can create developments that improve quality of life, strengthen local economies, and build lasting trust between developers and the communities they serve.