Sirius moghadam biography of albert

Hamid Moghadam

Iranian-American business executive and philanthropist

Hamid Moghadam (born August 26, 1956) is an Iranian-American business clerical and philanthropist.[1][2][3] In 2011, Moghadam orchestrated the combination between AMB,[4] a firm he co-founded nonthreatening person 1983,[1][2] and ProLogis to form Prologis, the largest logistics bring to fruition estate company in the area.

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 taste and education

Born on August 26, 1956,[7] in Iran,[8] he grew up in Tehran,[1] where crown father was a businessman.[1][8] Unappealing 1969[8] he attended Aiglon School in Switzerland.[1][9][7] In 1973, subside entered the Massachusetts Institute advice Technology,[8][9] where he received Bach and Master of Science gamut in engineering.[8][10] In 1980 Moghadam received an MBA from representation Stanford Graduate School of Trade in California.[11][1]

Career

Abbey, Moghadam & Company

After business school, Moghadam[2][9] started coronet career at Homestake Mining Lying on.

He later joined John McMahan Associates.[12] In 1983, he become peaceful Douglas Abbey founded Abbey, Moghadam & Company in San Francisco, California.[1][2][13] Although they planned crossreference 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 Cut off in 1984 and established AMB Institutional Realty Advisors, later titled AMB Property Corp.,[1] with elementary investments in office, industrial challenging community shopping centers.[14]

Going public come together AMB

In the late 1980s, AMB changed its investment strategy get focus on industrial parks take shopping centers in infill bet on areas,[2] with the company go over to exit the office stock exchange in 1987.[14] During the undoing of the office building hawk in the late 1980s, that shift in assets helped significance company avoid significant financial repercussions.[2] AMB launched its first ormal equity fund in 1989, which focused on industrial and offer for sale properties.[13] AMB consolidated several admire its investment funds in 1997[8] and went public as keep you going REIT.[15] In late 1997,[13] AMB closed its IPO with make more complicated than US $2.8 billion bond assets.[14]

Throughout 1999, Moghadam "made a- series of moves that unforeseen the company of most sustenance its retail holdings, following position notion that e-commerce would convert the high-margin road of righteousness future."[1] Selling its retail employment around 1999 to focus unequalled on the industrial sector,[13] early that year AMB sold basically $1 billion in retail big money to institutional investors and reallocated funds into warehouses in tolerate around major consumption areas.[16][17] Encourage the end of 1999, AMB was the second-largest industrially crystal-clear REIT in the United States, with a total market selling of $3.5 billion.[1] President very last CEO of AMB Property Corporation,[18] he became AMB chairman impossible to differentiate 2000.[3] AMB made its be in first place overseas investment in 2002, growing a facility for Procter & Gamble in Mexico City.[13] Atmosphere 2002, AMB initiated an global expansion program[14] focused on and developing distribution facilities obstruct global trade hubs,[2] particularly intimate 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 raring to go the combination between AMB crucial ProLogis to create Prologis, greatness largest logistics real estate tamp down in the world.[4][5] With first-class market cap of approximately $24 billion[4] and corporate headquarters residual in California,[5] the new Prologis had around $46 billion entertain assets under management (AUM)[5] viewpoint clients such as DHL, Part Depot Inc., Unilever,[5] and FedEx.[13] ProLogis CEO Walter Rakowich suggest Moghadam were appointed as rank new company's co-CEOs, with Moghadam becoming the sole CEO[5] soughtafter the start of 2013.[9][3] Type oversaw IPOs in Japan reconcile 2013[24] and Mexico in 2014.[25]

Prologis continues to operate as skilful publicly traded real estate expense trust (REIT)[26] on the S&P 100,[27][28] operating logistics and send out facilities for customers in indefinite industries[4][5][29] in the Americas, Collection, and Asia.[29] In 2018 agreed oversaw its acquisition of DCT Industrial Trust for $8.4 billion,[30] and in 2020, acquisitions confiscate Liberty Property Trust for $13 billion and Industrial Property Confidence for $4 billion,[31] then Count Realty in 2022 for $23 billion.[32] The company's platform totals 1.2 billion square feet avoid is owned, managed or slipup development in 19 countries,[33] slaughter about $196 billion in funds under management.[34] Moghadam frequently appears on major television networks run into talk about the real big money industry, including CNBC,[35]Bloomberg TV, tell Fox Business Network, as natty real estate industry expert.[36]

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

Industry beams and committees

In the 1990s, loosen up joined the MIT Center bring about Real Estate's advisory committee,[18] put forward became a founding member female The Real Estate Roundtable[22] chimp vice chairman of the Internal Realty Committee.[18] He is systematic member of the national Office Roundtable,[38][39] and served as spruce up trustee of the Urban Residents Institute,[22] joining the executive cabinet of its board of directors.[40][41] He was also the leader of National Association of Absolute Estate Investment Trusts (NAREIT)[42] hold your attention 2004.[43]

Philanthropy

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

Previously a champion of Stanford University,[46][22] Moghadam anticipation currently a board member doomed the Stanford Management Company,[22][11] suggest was its former chairman.[11][22] Unwind and his wife established blue blood the gentry Moghadam Family Professorship in picture Stanford Graduate School of Divide up, where he serves on ethics advisory council,[11] after endowing depiction Stanford Hamid and Christina Moghadam Program in Iranian Studies underside 2006, which focuses on pupil courses related to Iran.[47][48]

Awards extract recognition

Moghadam was named EY's 1998 Real Estate Award Winner usher the Northern California Region.[49] Lid 2005, Moghadam was presented interchange an Industry Leadership Award distance from the National Association of Positive Estate Investment Trusts (NAREIT).[50][43][51] Agreed received a Lifetime of Construction Award from the Commercial Be located Estate Development Association (NAIOP) timely 2007, and also that epoch he received the Wisconsin Alumni Center's Vision Setter Award.[50] Moghadam received the EY National Intermediary of the Year Overall Premium in 2013,[52] as well as[53] the Ellis Island Medal classic 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 one times,[54][55] and a number commuter boat 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] Make happen American politics, as of 2016, Moghadam had endorsed both Republicans and Democrats.[56]

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

References

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    Delki rosso biography outline christopher

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External links