Genessy Jaramillo Named “Transferable Development Rights Broker of the Year” at 2026 RED Awards

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Genessy Jaramillo, Managing Director and Head of the Transferable Development Rights Team at BKREA, has been named “Transferable Development Rights Broker of the Year” at the 2026 RED Awards. The award ceremony was held on April 30, 2026, at Club 101 NYC and recognized excellence in one of commercial real estate’s most specialized sectors.

The honor highlights Jaramillo’s growing influence in New York City’s development rights market and reinforces BKREA’s expanding presence in complex land and air rights advisory assignments.

Key Highlights Behind the Award Recognition

• Recognition in a Highly Specialized Real Estate Sector
  The award honors outstanding achievement in transferable development rights (TDR) brokerage, a niche but critical component of New York City development and zoning strategy.
• Leadership of BKREA’s TDR Division
  As Head of BKREA’s Transferable Development Rights Team, Jaramillo oversees transactions involving air rights, zoning analysis, and complex development opportunities across the city.
• Rapid Career Growth at BKREA
  Jaramillo joined BKREA during the firm’s early stages after relocating from Miami to New York City and quickly became a key member of the firm’s land and development advisory team.
• Strong Transaction Activity and Market Presence
  According to Bob Knakal, Jaramillo has already closed multiple deals and is actively involved in dozens of ongoing assignments.
• Increasing Importance of TDR Expertise in NYC Development
  Transferable development rights transactions continue to play a major role in maximizing density and unlocking value in Manhattan and other high-demand development corridors.
• Industry Recognition Reinforces BKREA’s Specialized Capabilities
  The award underscores BKREA’s growing reputation in complex advisory services, particularly within land sales, development sites, and air rights transactions.

Bob Knakal on Genessy Jaramillo’s Growth

BKREA Chairman & CEO Bob Knakal praised Jaramillo’s commitment and trajectory within the industry:

“Genessy joined BKREA very early on and uprooted from Miami to come to NYC to join us in this adventure. She immediately became a valued member of our land team and has been promoted to running our transferable development rights business. She has closed many deals already and we are working on dozens together. I know she is destined for stardom in this business!”

Why This Recognition Matters

As development sites become increasingly scarce across New York City, transferable development rights and air rights transactions are becoming more valuable and strategically important. Expertise in navigating zoning regulations, landmark transfers, and density optimization has emerged as a critical skillset in modern commercial real estate advisory.

Jaramillo’s recognition reflects both her personal growth and the broader market demand for specialized TDR brokerage expertise.

Frequently Asked Questions

Who is Genessy Jaramillo?

Genessy Jaramillo is Managing Director and Head of the Transferable Development Rights Team at BKREA.

What award did she receive?

She was named “Transferable Development Rights Broker of the Year” at the 2026 RED Awards.

What are transferable development rights (TDRs)?

Transferable development rights, often called air rights, allow unused development potential from one property to be transferred to another site under specific zoning rules.

Why are TDR transactions important in NYC?

TDR deals help developers increase allowable building density, maximize land value, and create larger-scale development opportunities in dense urban markets.

Who presented recognition for Genessy’s work?

BKREA Chairman & CEO Bob Knakal publicly praised her leadership, transaction success, and future potential in the industry.

What is BKREA known for?

BKREA specializes in investment sales, development sites, air rights transactions, and complex commercial real estate advisory assignments throughout New York City.

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