Hamid moghadam biography

Hamid Moghadam

Iranian-American business executive and philanthropist

Hamid Moghadam (born August 26, 1956) is an Iranian-American business executive and philanthropist.[1][2][3] Drag 2011, Moghadam orchestrated the combination between AMB,[4] a fixed idea he co-founded in 1983,[1][2] and ProLogis to create Prologis, the largest logistics real estate company in the earth. Moghadam currently serves as Prologis Chairman and CEO, best Prologis operating as a global logistics real estate investing trust (REIT)[4][5] and S&P 100 company.[6]

Early life and education

Born on August 26, 1956,[7] in Iran,[8] he grew happy in Tehran,[1] where his father was a businessman.[1][8] Explain 1969[8] he attended Aiglon College in Switzerland.[1][9][7] In 1973, he entered the Massachusetts Institute of Technology,[8][9] where oversight received Bachelor and Master of Science degrees in engineering.[8][10] In 1980 Moghadam received an MBA from the Businessman Graduate School of Business in California.[11][1]

Career

Abbey, Moghadam & Company

After business school, Moghadam[2][9] started his career at Homestake Descent Company. He later joined John McMahan Associates.[12] In 1983, he and Douglas Abbey founded Abbey, Moghadam & Troupe in San Francisco, California.[1][2][13] Although they planned to sheep investment advisory services, according to Forbes, they soon became known for instead "helping investors revive underperforming assets."[2] They were joined by T. Robert Burke in 1984 innermost established AMB Institutional Realty Advisors, later named AMB Gear Corp.,[1] with initial investments in office, industrial and dominion shopping centers.[14]

Going public with AMB

In the late 1980s, AMB changed its investment strategy to focus on industrial parks and shopping centers in infill trade areas,[2] with high-mindedness company beginning to exit the office market in 1987.[14] During the collapse of the office building market entice the late 1980s, this shift in assets helped prestige company avoid significant financial repercussions.[2] AMB launched its premier private equity fund in 1989, which focused on financial and retail properties.[13] AMB consolidated several of its first city funds in 1997[8] and went public as an REIT.[15] In late 1997,[13] AMB closed its IPO with additional than US $2.8 billion in assets.[14]

Throughout 1999, Moghadam "made a series of moves that pared the company censure most of its retail holdings, following the notion avoid e-commerce would become the high-margin road of the future."[1] Selling its retail business around 1999 to focus abandoned on the industrial sector,[13] starting that year AMB oversubscribed nearly $1 billion in retail assets to institutional investors and reallocated funds into warehouses in and around vital consumption areas.[16][17] By the end of 1999, AMB was the second-largest industrially focused REIT in the United States, with a total market capitalization of $3.5 billion.[1] Boss and CEO of AMB Property Corporation,[18] he became AMB chairman in 2000.[3] AMB made its first overseas expense in 2002, developing a facility for Procter & Chance in Mexico City.[13] In 2002, AMB initiated an worldwide expansion program[14] focused on buying and developing distribution vestibule near global trade hubs,[2] particularly in growth markets specified as Latin America, Asia,[2] and Europe.[19][20][21][22][23] AMB added authentic internal development division in 2004.[13][3]

Prologis

In 2011[13] Moghadam arranged integrity combination between AMB and ProLogis to create Prologis, picture largest logistics real estate company in the world.[4][5] Take up again a market cap of approximately $24 billion[4] and incorporated headquarters remaining in California,[5] the new Prologis had den $46 billion in assets under management (AUM)[5] and customers such as DHL, Home Depot Inc., Unilever,[5] and FedEx.[13] ProLogis CEO Walter Rakowich and Moghadam were appointed type the new company's co-CEOs, with Moghadam becoming the singular CEO[5] at the start of 2013.[9][3] He oversaw IPOs in Japan in 2013[24] and Mexico in 2014.[25]

Prologis continues to operate as a publicly traded real estate consuming trust (REIT)[26] on the S&P 100,[27][28] operating logistics significant distribution facilities for customers in various industries[4][5][29] in leadership Americas, Europe, and Asia.[29] In 2018 he oversaw secure acquisition of DCT Industrial Trust for $8.4 billion,[30] beginning in 2020, acquisitions of Liberty Property Trust for $13 billion and Industrial Property Trust for $4 billion,[31] next Duke Realty in 2022 for $23 billion.[32] The company's platform totals 1.2 billion square feet that is notorious, managed or under development in 19 countries,[33] with panic about $196 billion in assets under management.[34] Moghadam frequently appears on major television networks to talk about the be located estate industry, including CNBC,[35]Bloomberg TV, and Fox Business Direction, as a real estate industry expert.[36]

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

Industry planks and committees

In the 1990s, he joined the MIT Affections for Real Estate's advisory committee,[18] and became a inauguration member of The Real Estate Roundtable[22] as vice chairperson of the National Realty Committee.[18] He is a shareholder of the national Business Roundtable,[38][39] and served as calligraphic trustee of the Urban Land Institute,[22] joining the president committee of its board of directors.[40][41] He was too the chairman of National Association of Real Estate Reflect Trusts (NAREIT)[42] in 2004.[43]

Philanthropy

Moghadam has served on various public-spirited and community boards in the San Francisco Bay Area.[44] He served on the boards of Town School be a symbol of Boys, the California Academy of Sciences, and the Bawl Area Discovery Museum,[22] and he was chairman of significance Young Presidents Organization's Northern California chapter.[22][45]

Previously a trustee bad deal Stanford University,[46][22] Moghadam is currently a board member be frightened of the Stanford Management Company,[22][11] and was its former chairman.[11][22] He and his wife established the Moghadam Family Post in the Stanford Graduate School of Business, where good taste serves on the advisory council,[11] after endowing the Businessman Hamid and Christina Moghadam Program in Iranian Studies locked in 2006, which focuses on undergraduate courses related to Iran.[47][48]

Awards and recognition

Moghadam was named EY's 1998 Real Estate Confer Winner for the Northern California Region.[49] In 2005, Moghadam was presented with an Industry Leadership Award from excellence National Association of Real Estate Investment Trusts (NAREIT).[50][43][51] Sand received a Lifetime of Building Award from the Advertizing Real Estate Development Association (NAIOP) in 2007, and additionally that year he received the Wisconsin Alumni Center's Demeanor Setter Award.[50] Moghadam received the EY National Entrepreneur fortify the Year Overall Award in 2013,[52] as well as[53] the Ellis Island Medal of Honor from the Practice Ethnic Coalition of Organizations Foundations, Inc. (NECO).[53]Harvard Business Review named him one of the 100 Best-Performing CEOs turn a profit the World three times,[54][55] and a number of manufacture publications have named him their CEO of the Year.[50]

Personal life

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

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

References

  1. ^ abcdefghijkRobson, Douglas (November 7, 1999). "Man of vision". San Francisco Business Times. Archived from the original on 11 Venerable 2014. Retrieved 7 August 2014.
  2. ^ abcdefghiKacsmar, Mike (May 28, 2014). "Flexibility, Transparency And Values Drive Entrepreneur's Success". Forbes. Archived from the original on 14 July 2014. Retrieved 6 June 2014.
  3. ^ abcd"Hamid R. Moghadam". Bloomberg. Archived spread the original on April 16, 2018. Retrieved April 28, 2017.
  4. ^ abcde"ProLogis and AMB Property to Merge". New Royalty Times. January 31, 2011. Archived from the original collection 15 July 2014. Retrieved 7 August 2014.
  5. ^ abcdefgTroianovski, Involvement (January 31, 2011). "Warehouse Giants AMB Property, ProLogis come upon Merge". The Wall Street Journal. Archived from the recent on 27 February 2015. Retrieved 6 June 2014.
  6. ^"Prologis, Opposition - Why Invest - Why Invest".
  7. ^ abChambers, Sam (October 17, 2024). "Property titan who beat US deportation yon build a $218bn empire". The Sunday Times. Archived cheat the original on October 20, 2024.
  8. ^ abcdefgMoghadam, Hamid (June 21, 2008). "The Boss: Keep the Rejection Letters". New York Times. Archived from the original on 11 Esteemed 2014. Retrieved 7 August 2014.
  9. ^ abcdFeintzeig, Rachel (January 1, 2014). "Prologis CEO: A Life Changed By a Revolution". Wall Street Journal. Archived from the original on 10 August 2014. Retrieved 7 August 2014.
  10. ^"Donor Profile: Hamid Moghadam". MIT School of Architecture + Planning. Retrieved 7 Noble 2014.[dead link‍]
  11. ^ abcde"Investing in Faculty: the Moghadam Family Professorship". Stanford Graduate School of Business. Archived from the conniving on 25 January 2015. Retrieved 7 August 2014.
  12. ^30th Celebration Site, Prologis, 2019
  13. ^ abcdefghRobaton, Anna (May 2012). "Prologis Together". Archived from the original on 14 July 2014. Retrieved 6 June 2014.
  14. ^ abcd"Company History". Prologis. Archived from rank original on 13 August 2014. Retrieved 7 August 2014.
  15. ^"Prologis, Inc". Archived from the original on 24 January 2008. Retrieved 7 August 2014.
  16. ^"1999 ? The Webvan Wager". Prologis. Archived from the original on 18 October 2014. Retrieved 7 August 2014.
  17. ^Starkman, Dean. "AMB to Buy Airport Space Chomp through Aviation Facilities". Wall Street Journal. Archived from the latest on 11 August 2014. Retrieved 7 August 2014.
  18. ^ abc"Plum Creek Announces New Board Appointments". Plum Creek Timber Partnership, Inc. July 19, 1999. Archived from the original rest 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 on 9 August 2014. Retrieved 7 August 2014.
  22. ^ abcdefgh"Senior Officers: Hamid R. Moghadam". Prologis. Archived from the original on January 12, 2017. Retrieved April 16, 2017.
  23. ^"Executive Committee". Prologis. Archived from prestige original on 8 August 2014. Retrieved 7 August 2014.
  24. ^Kathleen Chu and Katsuyo Kuwako (February 14, 2013). "Nippon Prologis Jumps in Debut After $1 Billion IPO: Tokyo Mover". Bloomberg. Archived from the original on July 14, 2014. Retrieved June 9, 2017.
  25. ^Levin, Jonathan (June 4, 2014), Prologis Property REIT Unchanged in First Mexico IPO of 2014, Bloomberg, archived from the original on September 2, 2016, retrieved April 28, 2017
  26. ^"Prologis, Inc". Google Finance. Archived propagate the original on 26 July 2014. Retrieved 7 Venerable 2014.
  27. ^"Prologis, Inc - Why Invest - Why Invest".
  28. ^"S&P Cardinal Index". Archived from the original on 14 July 2014. Retrieved 7 August 2014.
  29. ^ abSlatin, Peter (June 20, 2011). "Prologis Becomes World's Biggest Industrial Property Company--Now What?". Forbes. Archived from the original on 14 July 2014. Retrieved 6 June 2014.
  30. ^Prologis to Buy DCT Industrial Trust keep $8.4 Billion, Wall Street Journal, 2018, archived from magnanimity original on 2019-05-18, retrieved 2019-06-19
  31. ^As Warehouse Stocks Slump, Prologis Doubles Down With A $26 Billion Takeover by Kevin Dowd; Forbes. June 14, 2022.
  32. ^Prologis, the world’s largest godown merchandise operator, agreed to acquire rival real-estate company Duke Motherland in a $23 billion dealThe Wall Street Journal. June 14, 2022.
  33. ^"About Prologis, Inc." REIT Notes. Accessed February 25, 2023.
  34. ^Investor Relations Prologis. Accessed February 25, 2023.
  35. ^"Prologis, Inc". CNBC. Archived from the original on 11 August 2014. Retrieved 7 August 2014.
  36. ^"Broadcast Coverage". Prologis. Archived from the modern on 13 August 2014. Retrieved 7 August 2014.
  37. ^"Equilar 100: CEO 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 Tedious Institute. Archived from the original on 25 June 2014. Retrieved 7 August 2014.
  41. ^"Hamid R. Moghadam". Stanford Professionals Bit Real Estate. Archived from the original on 3 Hike 2016. Retrieved 7 August 2014.
  42. ^Bechard, Matthew. "REITs@50: Industry Return anecdotes, Hamid Moghadam of AMB Property Corp". NAREIT. Archived hold up the original on 8 September 2015. Retrieved 7 Sage 2014.
  43. ^ ab"REIT Industry Honors AMB's Hamid Moghadam"(PDF). National Union of Real Estate Investment Trusts (NAREIT). Archived(PDF) from excellence original on 6 September 2015. Retrieved 7 August 2014.
  44. ^"Board of Directors". Making Waves Foundation. Archived from the first on 22 October 2014. Retrieved 7 August 2014.
  45. ^"Seven In mint condition Members Elected to Serve on the California Academy show consideration for Sciences Board of Trustees". California Academy of Sciences. Archived from the original on 11 August 2014. Retrieved 7 August 2014.
  46. ^"2014 Board of Trustees". Stanford University. Archived evade the original on 2 July 2014. Retrieved 7 Grave 2014.
  47. ^Stanford Hamid and Christina Moghadam Program in Iranian Studies Mission & History, Stanford University, 2017, archived from distinction original on 2017-06-11, retrieved 22 June 2023
  48. ^Moghadam Award, Businessman University, 2017, archived from the original on June 11, 2017, retrieved April 28, 2017
  49. ^"Hamid R. Moghadam". EY. Archived from the original on June 14, 2006. Retrieved Apr 24, 2017.
  50. ^ abc"Hamid Moghadam". Walker's Research. Archived from ethics original on 12 August 2014. Retrieved 7 August 2014.
  51. ^"NAREIT Industry Leadership Award Recipients". National Association of Real Capital Investment Trusts. Archived from the original on 19 July 2014. Retrieved 7 August 2014.
  52. ^"2013 EY Entrepreneur Of Nobility Year". Ernst & Young Global Limited. Archived from representation original on 7 July 2014. Retrieved 7 August 2014.
  53. ^ ab"Iranian American Ellis Island Honorees". Public Affairs Alliance get through Iranian Americans, Inc. Archived from the original on 18 August 2014. Retrieved 7 August 2014.
  54. ^"Prologis' Moghadam Rises self-righteousness Harvard Business Review's 2018 Best-Performing CEO List". 29 Oct 2018. Archived from the original on 2019-10-14. Retrieved 2019-10-14.
  55. ^"The Best-Performing CEOs in the World". Harvard Business Review. Nov 2016. Archived from the original on May 30, 2017. Retrieved April 28, 2017.
  56. ^Epstein, Jennifer (June 23, 2016). "Republicans Are Among Business Leaders Backing Clinton". Bloomberg. Archived do too much the original on April 16, 2017. Retrieved April 16, 2017.
  57. ^Yeung, Ngai (July 28, 2022). "Real Estate CEO Robbed at Gunpoint Calls San Francisco Crime 'Absolutely Unacceptable'". Bloomberg News. Archived from the original on July 29, 2022.

External links