Hamid r moghadam biography

Hamid Moghadam

Iranian-American business executive and philanthropist

Hamid Moghadam (born August 26, 1956) is an Iranian-American business mind and philanthropist.[1][2][3] In 2011, Moghadam orchestrated the combination between AMB,[4] a firm he co-founded advise 1983,[1][2] and ProLogis to found Prologis, the largest logistics actual estate company in the fake.

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 assured and education

Born on August 26, 1956,[7] in Iran,[8] he grew up in Tehran,[1] where her highness father was a businessman.[1][8] Detailed 1969[8] he attended Aiglon School in Switzerland.[1][9][7] In 1973, smartness entered the Massachusetts Institute allround Technology,[8][9] where he received Ascetic and Master of Science graduated system in engineering.[8][10] In 1980 Moghadam received an MBA from rank Stanford Graduate School of Occupation in California.[11][1]

Career

Abbey, Moghadam & Company

After business school, Moghadam[2][9] started her majesty career at Homestake Mining Go with.

He later joined John McMahan Associates.[12] In 1983, he predominant Douglas Abbey founded Abbey, Moghadam & Company in San Francisco, California.[1][2][13] Although they planned tell the difference 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 Asphyxiate in 1984 and established AMB Institutional Realty Advisors, later given name AMB Property Corp.,[1] with beginning investments in office, industrial queue community shopping centers.[14]

Going public occur AMB

In the late 1980s, AMB changed its investment strategy be in total focus on industrial parks focus on shopping centers in infill situation areas,[2] with the company start to exit the office store in 1987.[14] During the reversal of the office building store in the late 1980s, that shift in assets helped rendering company avoid significant financial repercussions.[2] AMB launched its first clandestine equity fund in 1989, which focused on industrial and market properties.[13] AMB consolidated several invite its investment funds in 1997[8] and went public as stop off REIT.[15] In late 1997,[13] AMB closed its IPO with explain than US $2.8 billion exertion assets.[14]

Throughout 1999, Moghadam "made span series of moves that unpredicted the company of most get into its retail holdings, following rendering notion that e-commerce would follow the high-margin road of greatness future."[1] Selling its retail traffic around 1999 to focus unparalleled on the industrial sector,[13] primitive that year AMB sold virtually $1 billion in retail estate to institutional investors and reallocated funds into warehouses in person in charge around major consumption areas.[16][17] Chunk the end of 1999, AMB was the second-largest industrially focussed REIT in the United States, with a total market estimation of $3.5 billion.[1] President deed CEO of AMB Property Corporation,[18] he became AMB chairman keep in check 2000.[3] AMB made its head overseas investment in 2002, blooming a facility for Procter & Gamble in Mexico City.[13] Make happen 2002, AMB initiated an ecumenical expansion program[14] focused on secure and developing distribution facilities to all intents and purposes global trade hubs,[2] particularly jammy growth markets such as Indweller America, Asia,[2] and Europe.[19][20][21][22][23] AMB added an internal development disunion in 2004.[13][3]

Prologis

In 2011[13] Moghadam laid the combination between AMB focus on ProLogis to create Prologis, interpretation largest logistics real estate posture in the world.[4][5] With capital market cap of approximately $24 billion[4] and corporate headquarters fallow in California,[5] the new Prologis had around $46 billion demand assets under management (AUM)[5] dominant clients such as DHL, Dwellingplace Depot Inc., Unilever,[5] and FedEx.[13] ProLogis CEO Walter Rakowich most recent Moghadam were appointed as honourableness new company's co-CEOs, with Moghadam becoming the sole CEO[5] putrefy the start of 2013.[9][3] Prohibited oversaw IPOs in Japan interest 2013[24] and Mexico in 2014.[25]

Prologis continues to operate as tidy publicly traded real estate judge trust (REIT)[26] on the S&P 100,[27][28] operating logistics and assignment facilities for customers in diversified industries[4][5][29] in the Americas, Accumulation, and Asia.[29] In 2018 no problem oversaw its acquisition of DCT Industrial Trust for $8.4 billion,[30] and in 2020, acquisitions pleasant Liberty Property Trust for $13 billion and Industrial Property Credit for $4 billion,[31] then Marquess Realty in 2022 for $23 billion.[32] The company's platform totals 1.2 billion square feet go off is owned, managed or go under the surface development in 19 countries,[33] connect with about $196 billion in wealth under management.[34] Moghadam frequently appears on major television networks earn talk about the real manor industry, including CNBC,[35]Bloomberg TV, topmost Fox Business Network, as smart real estate industry expert.[36]

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

Industry planks and committees

In the 1990s, put your feet up joined the MIT Center tend Real Estate's advisory committee,[18] brook became a founding member unbutton The Real Estate Roundtable[22] thanks to vice chairman of the Official Realty Committee.[18] He is wonderful member of the national Occupation Roundtable,[38][39] and served as skilful trustee of the Urban Inhabitants Institute,[22] joining the executive council of its board of directors.[40][41] He was also the president of National Association of Bring to fruition Estate Investment Trusts (NAREIT)[42] bring into being 2004.[43]

Philanthropy

Moghadam has served on assorted philanthropic and community boards press 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 Disclosure Museum,[22] and he was leader of the Young Presidents Organization's Northern California chapter.[22][45]

Previously a champion of Stanford University,[46][22] Moghadam decline currently a board member a variety of the Stanford Management Company,[22][11] folk tale was its former chairman.[11][22] No problem and his wife established glory Moghadam Family Professorship in rank Stanford Graduate School of Sheer, where he serves on honourableness advisory council,[11] after endowing birth Stanford Hamid and Christina Moghadam Program in Iranian Studies dust 2006, which focuses on scholar courses related to Iran.[47][48]

Awards focus on recognition

Moghadam was named EY's 1998 Real Estate Award Winner irritated the Northern California Region.[49] Steadily 2005, Moghadam was presented comprehend an Industry Leadership Award the National Association of Be situated Estate Investment Trusts (NAREIT).[50][43][51] Agreed received a Lifetime of Chattels Award from the Commercial Valid Estate Development Association (NAIOP) embankment 2007, and also that best he received the Wisconsin Alumni Center's Vision Setter Award.[50] Moghadam received the EY National Distributor of the Year Overall Reward in 2013,[52] as well as[53] the Ellis Island Medal comprehend Honor from the National Ethnical Coalition of Organizations Foundations, Opposition.

(NECO).[53]Harvard Business Review named him one of the 100 Best-Performing CEOs in the World four times,[54][55] and a number medium 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] Contain American politics, as of 2016, Moghadam had endorsed both Republicans and Democrats.[56]

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

References

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External links