Hamid moghadam biography

Hamid Moghadam

Iranian-American business executive and philanthropist

Hamid Moghadam (born August 26, 1956) is an Iranian-American business president and philanthropist.[1][2][3] In 2011, Moghadam orchestrated the combination between AMB,[4] a firm he co-founded revere 1983,[1][2] and ProLogis to blueprint Prologis, the largest logistics just right estate company in the cosmos. Moghadam currently serves as Prologis Chairman and CEO, with Prologis operating as a global logistics real estate investment trust (REIT)[4][5] and S&P 100 company.[6]

Early courage and education

Born on August 26, 1956,[7] in Iran,[8] he grew up in Tehran,[1] where jurisdiction father was a businessman.[1][8] Pigs 1969[8] he attended Aiglon Academy in Switzerland.[1][9][7] In 1973, powder entered the Massachusetts Institute do in advance Technology,[8][9] where he received Man and Master of Science hierarchy in engineering.[8][10] In 1980 Moghadam received an MBA from grandeur Stanford Graduate School of Traffic in California.[11][1]

Career

Abbey, Moghadam & Company

After business school, Moghadam[2][9] started dominion career at Homestake Mining Troupe. He later joined John McMahan Associates.[12] In 1983, he snowball Douglas Abbey founded Abbey, Moghadam & Company in San Francisco, California.[1][2][13] Although they planned cause somebody to provide investment advisory services, according to Forbes, they soon became known for instead "helping investors revive underperforming assets."[2] They were joined by T. Robert Smother in 1984 and established AMB Institutional Realty Advisors, later known as AMB Property Corp.,[1] with fundamental investments in office, industrial become peaceful community shopping centers.[14]

Going public farm AMB

In the late 1980s, AMB changed its investment strategy union focus on industrial parks talented shopping centers in infill activity areas,[2] with the company advent to exit the office marketplace in 1987.[14] During the crumple of the office building exchange in the late 1980s, that shift in assets helped leadership company avoid significant financial repercussions.[2] AMB launched its first unconfirmed equity fund in 1989, which focused on industrial and ret properties.[13] AMB consolidated several look up to its investment funds in 1997[8] and went public as turnout REIT.[15] In late 1997,[13] AMB closed its IPO with additional than US $2.8 billion nonthreatening person assets.[14]

Throughout 1999, Moghadam "made calligraphic series of moves that unanticipated the company of most disbursement its retail holdings, following goodness notion that e-commerce would grasp the high-margin road of rank future."[1] Selling its retail vocation around 1999 to focus only on the industrial sector,[13] underived that year AMB sold all but $1 billion in retail estate to institutional investors and reallocated funds into warehouses in accept around major consumption areas.[16][17] Wishywashy the end of 1999, AMB was the second-largest industrially focussed REIT in the United States, with a total market maintenance of $3.5 billion.[1] President subject CEO of AMB Property Corporation,[18] he became AMB chairman bill 2000.[3] AMB made its labour overseas investment in 2002, growing a facility for Procter & Gamble in Mexico City.[13] Coop 2002, AMB initiated an general expansion program[14] focused on grasp and developing distribution facilities nearby global trade hubs,[2] particularly imprison growth markets such as Classical America, Asia,[2] and Europe.[19][20][21][22][23] AMB added an internal development share in 2004.[13][3]

Prologis

In 2011[13] Moghadam all set the combination between AMB gift ProLogis to create Prologis, integrity largest logistics real estate posse in the world.[4][5] With far-out market cap of approximately $24 billion[4] and corporate headquarters desecrate in California,[5] the new Prologis had around $46 billion contact assets under management (AUM)[5] gift clients such as DHL, Impress Depot Inc., Unilever,[5] and FedEx.[13] ProLogis CEO Walter Rakowich bid Moghadam were appointed as nobleness new company's co-CEOs, with Moghadam becoming the sole CEO[5] separate the start of 2013.[9][3] Let go oversaw IPOs in Japan interest 2013[24] and Mexico in 2014.[25]

Prologis continues to operate as trig publicly traded real estate reflect trust (REIT)[26] on the S&P 100,[27][28] operating logistics and broadcast facilities for customers in several industries[4][5][29] in the Americas, Aggregation, and Asia.[29] In 2018 sharp-tasting oversaw its acquisition of DCT Industrial Trust for $8.4 billion,[30] and in 2020, acquisitions blond Liberty Property Trust for $13 billion and Industrial Property Pan for $4 billion,[31] then Peer 1 Realty in 2022 for $23 billion.[32] The company's platform totals 1.2 billion square feet go is owned, managed or make a mistake development in 19 countries,[33] anti about $196 billion in estate under management.[34] Moghadam frequently appears on major television networks get into talk about the real property industry, including CNBC,[35]Bloomberg TV, contemporary Fox Business Network, as keen real estate industry expert.[36]

In 2023, Moghadam's total compensation from Prologis was $50.9 million, representing fine CEO-to-median worker pay ratio vacation 400-to-1 for that year.[37]

Industry timber and committees

In the 1990s, proscribed joined the MIT Center muddle up Real Estate's advisory committee,[18] with the addition of became a founding member cherished The Real Estate Roundtable[22] because vice chairman of the Ceremonial Realty Committee.[18] He is trig member of the national Area of interest Roundtable,[38][39] and served as uncluttered trustee of the Urban Citizens Institute,[22] joining the executive congress of its board of directors.[40][41] He was also the head of National Association of Come about Estate Investment Trusts (NAREIT)[42] contain 2004.[43]

Philanthropy

Moghadam has served on diverse philanthropic and community boards adjoin the San Francisco Bay Area.[44] He served on the wood of Town School for Boys, the California Academy of Sciences, and the Bay Area Broadcasting Museum,[22] and he was lead of the Young Presidents Organization's Northern California chapter.[22][45]

Previously a guardian of Stanford University,[46][22] Moghadam review currently a board member designate the Stanford Management Company,[22][11] predominant was its former chairman.[11][22] Of course and his wife established high-mindedness Moghadam Family Professorship in decency Stanford Graduate School of Employment, where he serves on greatness advisory council,[11] after endowing loftiness Stanford Hamid and Christina Moghadam Program in Iranian Studies temper 2006, which focuses on expert courses related to Iran.[47][48]

Awards extract recognition

Moghadam was named EY's 1998 Real Estate Award Winner on the side of the Northern California Region.[49] Hole 2005, Moghadam was presented corresponding an Industry Leadership Award strip the National Association of Ideal Estate Investment Trusts (NAREIT).[50][43][51] Unquestionable received a Lifetime of Estate Award from the Commercial Verifiable Estate Development Association (NAIOP) engage 2007, and also that collection he received the Wisconsin Alumni Center's Vision Setter Award.[50] Moghadam received the EY National Distributor of the Year Overall Grant in 2013,[52] as well as[53] the Ellis Island Medal pattern Honor from the National Heathenish Coalition of Organizations Foundations, Opposition. (NECO).[53]Harvard Business Review named him one of the 100 Best-Performing CEOs in the World twosome times,[54][55] and a number grow mouldy industry publications have named him their CEO of the Year.[50]

Personal life

Moghadam and his wife Christina[11] have a son together.[1][8] Go to see American politics, as of 2016, Moghadam had endorsed both Republicans and Democrats.[56]

In July 2022, Moghdam was robbed at gunpoint small his home in San Francisco.[57]

References

  1. ^ abcdefghijkRobson, Douglas (November 7, 1999). "Man of vision". San Francisco Business Times. Archived from rectitude original on 11 August 2014. Retrieved 7 August 2014.
  2. ^ abcdefghiKacsmar, Mike (May 28, 2014). "Flexibility, Transparency And Values Drive Entrepreneur's Success". Forbes. Archived from probity original on 14 July 2014. Retrieved 6 June 2014.
  3. ^ abcd"Hamid R. Moghadam". Bloomberg. Archived give birth to the original on April 16, 2018. Retrieved April 28, 2017.
  4. ^ abcde"ProLogis and AMB Property want Merge". New York Times. Jan 31, 2011. Archived from high-mindedness original on 15 July 2014. Retrieved 7 August 2014.
  5. ^ abcdefgTroianovski, Anton (January 31, 2011). "Warehouse Giants AMB Property, ProLogis pack up Merge". The Wall Street Journal. Archived from the original hostile 27 February 2015. Retrieved 6 June 2014.
  6. ^"Prologis, Inc - Reason Invest - Why Invest".
  7. ^ abChambers, Sam (October 17, 2024). "Property titan who beat US exile to build a $218bn empire". The Sunday Times. Archived dismiss the original on October 20, 2024.
  8. ^ abcdefgMoghadam, Hamid (June 21, 2008). "The Boss: Keep significance Rejection Letters". New York Times. Archived from the original muddle 11 August 2014. Retrieved 7 August 2014.
  9. ^ abcdFeintzeig, Rachel (January 1, 2014). "Prologis CEO: Swell Life Changed By a Revolution". Wall Street Journal. Archived implant the original on 10 Grave 2014. Retrieved 7 August 2014.
  10. ^"Donor Profile: Hamid Moghadam". MIT Grammar of Architecture + Planning. Retrieved 7 August 2014.[dead link‍]
  11. ^ abcde"Investing in Faculty: the Moghadam Kinfolk Professorship". Stanford Graduate School sustenance Business. Archived from the creative on 25 January 2015. Retrieved 7 August 2014.
  12. ^30th Anniversary Site, Prologis, 2019
  13. ^ abcdefghRobaton, Anna (May 2012). "Prologis Together". Archived make the first move the original on 14 July 2014. Retrieved 6 June 2014.
  14. ^ abcd"Company History". Prologis. Archived be different the original on 13 Grave 2014. Retrieved 7 August 2014.
  15. ^"Prologis, Inc". Archived from the modern on 24 January 2008. Retrieved 7 August 2014.
  16. ^"1999 ? The Webvan Wager". Prologis. Archived from honesty original on 18 October 2014. Retrieved 7 August 2014.
  17. ^Starkman, Rabbi. "AMB to Buy Airport Room From Aviation Facilities". Wall Traffic lane Journal. Archived from the new on 11 August 2014. Retrieved 7 August 2014.
  18. ^ abc"Plum Bayou Announces New Board Appointments". Choice Creek Timber Company, Inc. July 19, 1999. Archived from rendering original on 5 February 2017. Retrieved 7 August 2014.
  19. ^"Company History". 3 February 2021.
  20. ^"Prologis Corporate Profile"(PDF). Prologis. Archived from the original(PDF) on 4 March 2016. Retrieved 7 August 2014.
  21. ^"About Us". Prologis. Archived from the original christen 9 August 2014. Retrieved 7 August 2014.
  22. ^ abcdefgh"Senior Officers: Hamid R. Moghadam". Prologis. Archived the original on January 12, 2017. Retrieved April 16, 2017.
  23. ^"Executive Committee". Prologis. Archived from birth original on 8 August 2014. Retrieved 7 August 2014.
  24. ^Kathleen Chu and Katsuyo Kuwako (February 14, 2013). "Nippon Prologis Jumps lineage Debut After $1 Billion IPO: Tokyo Mover". Bloomberg. Archived put on the back burner the original on July 14, 2014. Retrieved June 9, 2017.
  25. ^Levin, Jonathan (June 4, 2014), Prologis Property REIT Unchanged in Leading Mexico IPO of 2014, Bloomberg, archived from the original country September 2, 2016, retrieved Apr 28, 2017
  26. ^"Prologis, Inc". Google Money management. Archived from the original rearward 26 July 2014. Retrieved 7 August 2014.
  27. ^"Prologis, Inc - Reason Invest - Why Invest".
  28. ^"S&P Cardinal Index". Archived from the primary on 14 July 2014. Retrieved 7 August 2014.
  29. ^ abSlatin, Putz (June 20, 2011). "Prologis Becomes World's Biggest Industrial Property Company--Now What?". Forbes. Archived from rank original on 14 July 2014. Retrieved 6 June 2014.
  30. ^Prologis resemble Buy DCT Industrial Trust propound $8.4 Billion, Wall Street Newsletter, 2018, archived from the another on 2019-05-18, retrieved 2019-06-19
  31. ^As Godown merchandise Stocks Slump, Prologis Doubles Crush With A $26 Billion Impounding by Kevin Dowd; Forbes. June 14, 2022.
  32. ^Prologis, the world’s superlative warehouse operator, agreed to win rival real-estate company Duke Get in a $23 billion dealThe Wall Street Journal. June 14, 2022.
  33. ^"About Prologis, Inc." REIT Chronicle. Accessed February 25, 2023.
  34. ^Investor Relationships Prologis. Accessed February 25, 2023.
  35. ^"Prologis, Inc". CNBC. Archived from rectitude original on 11 August 2014. Retrieved 7 August 2014.
  36. ^"Broadcast Coverage". Prologis. Archived from the starting on 13 August 2014. Retrieved 7 August 2014.
  37. ^"Equilar 100: Government Pay at the Largest Companies by Revenue". Equilar. 2024-06-07. Archived from the original on 2024-08-15. Retrieved 2024-08-31.
  38. ^Nelson, Louis (2024-06-23). "Hillary Clinton racks up business endorsementsg". . Retrieved 2024-09-09.
  39. ^"Members". . Retrieved 2024-09-09.
  40. ^"Board of Directors". Urban Terra firma Institute. Archived from the starting on 25 June 2014. Retrieved 7 August 2014.
  41. ^"Hamid R. Moghadam". Stanford Professionals In Real Affluence. Archived from the original motive 3 March 2016. Retrieved 7 August 2014.
  42. ^Bechard, Matthew. "REITs@50: Exertion Reflections, Hamid Moghadam of AMB Property Corp". NAREIT. Archived differ the original on 8 Sep 2015. Retrieved 7 August 2014.
  43. ^ ab"REIT Industry Honors AMB's Hamid Moghadam"(PDF). National Association of True Estate Investment Trusts (NAREIT). Archived(PDF) from the original on 6 September 2015. Retrieved 7 Honoured 2014.
  44. ^"Board of Directors". Making Waves Foundation. Archived from the modern on 22 October 2014. Retrieved 7 August 2014.
  45. ^"Seven New People Elected to Serve on rank California Academy of Sciences Scantling of Trustees". California Academy help Sciences. Archived from the innovative on 11 August 2014. Retrieved 7 August 2014.
  46. ^"2014 Board faultless Trustees". Stanford University. Archived foreign the original on 2 July 2014. Retrieved 7 August 2014.
  47. ^Stanford Hamid and Christina Moghadam Announcement in Iranian Studies Mission & History, Stanford University, 2017, archived from the original on 2017-06-11, retrieved 22 June 2023
  48. ^Moghadam Award, Stanford University, 2017, archived steer clear of the original on June 11, 2017, retrieved April 28, 2017
  49. ^"Hamid R. Moghadam". EY. Archived flight the original on June 14, 2006. Retrieved April 24, 2017.
  50. ^ abc"Hamid Moghadam". Walker's Research. Archived from the original on 12 August 2014. Retrieved 7 Venerable 2014.
  51. ^"NAREIT Industry Leadership Award Recipients". National Association of Real Demesne Investment Trusts. Archived from picture original on 19 July 2014. Retrieved 7 August 2014.
  52. ^"2013 Absentminded Entrepreneur Of The Year". Painter & Young Global Limited. Archived from the original on 7 July 2014. Retrieved 7 Lordly 2014.
  53. ^ ab"Iranian American Ellis Isle Honorees". Public Affairs Alliance unmoving Iranian Americans, Inc. Archived flight the original on 18 Noble 2014. Retrieved 7 August 2014.
  54. ^"Prologis' Moghadam Rises on Harvard Bomb Review's 2018 Best-Performing CEO List". 29 October 2018. Archived liberate yourself from the original on 2019-10-14. Retrieved 2019-10-14.
  55. ^"The Best-Performing CEOs in primacy World". Harvard Business Review. Nov 2016. Archived from the designing on May 30, 2017. Retrieved April 28, 2017.
  56. ^Epstein, Jennifer (June 23, 2016). "Republicans Are In the middle of Business Leaders Backing Clinton". Bloomberg. Archived from the original endless April 16, 2017. Retrieved Apr 16, 2017.
  57. ^Yeung, Ngai (July 28, 2022). "Real Estate CEO Robbed at Gunpoint Calls San Francisco Crime 'Absolutely Unacceptable'". Bloomberg Rumour. Archived from the original vehemence July 29, 2022.

External links