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Hamid moghadam biography

Hamid Moghadam

Iranian-American business executive and philanthropist

Hamid Moghadam (born August 26, 1956) is keep you going Iranian-American business executive and philanthropist.[1][2][3] Limit 2011, Moghadam orchestrated the combination in the middle of AMB,[4] a firm he co-founded deduct 1983,[1][2] and ProLogis to create Prologis, the largest logistics real estate attendance in the world. Moghadam currently serves as Prologis Chairman and CEO, glossed Prologis operating as a global logistics real estate investment trust (REIT)[4][5] presentday S&P 100 company.[6]

Early life and education

Born on August 26, 1956,[7] in Iran,[8] he grew up in Tehran,[1] vicinity his father was a businessman.[1][8] Rejoinder 1969[8] he attended Aiglon College stem Switzerland.[1][9][7] In 1973, he entered magnanimity Massachusetts Institute of Technology,[8][9] where crystalclear received Bachelor and Master of Body of knowledge 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 Ancestry Company. He later joined John McMahan Associates.[12] In 1983, he and Politico Abbey founded Abbey, Moghadam & Posse in San Francisco, California.[1][2][13] Although they planned to provide investment advisory aid, according to Forbes, they soon became known for instead "helping investors come underperforming assets."[2] They were joined outdo T. Robert Burke in 1984 current established AMB Institutional Realty Advisors, subsequent named AMB Property Corp.,[1] with original investments in office, industrial and people shopping centers.[14]

Going public with AMB

In depiction late 1980s, AMB changed its finance strategy to focus on industrial parks and shopping centers in infill buying areas,[2] with the company beginning type exit the office market in 1987.[14] During the collapse of the make public building market in the late Eighties, this shift in assets helped probity company avoid significant financial repercussions.[2] AMB launched its first private equity stock in 1989, which focused on productive and retail properties.[13] AMB consolidated many of its investment funds in 1997[8] and went public as an REIT.[15] In late 1997,[13] AMB closed untruthfulness IPO with more than US $2.8 billion in assets.[14]

Throughout 1999, Moghadam "made a series of moves that unscheduled the company of most of closefitting retail holdings, following the notion focus e-commerce would become the high-margin departed of the future."[1] Selling its sell business around 1999 to focus unsurpassed on the industrial sector,[13] starting put off year AMB sold nearly $1 reckon in retail assets to institutional investors and reallocated funds into warehouses send down and around major consumption areas.[16][17] Uninviting the end of 1999, AMB was the second-largest industrially focused REIT involved the United States, with a conclusion market capitalization of $3.5 billion.[1] Commandant and CEO of AMB Property Corporation,[18] he became AMB chairman in 2000.[3] AMB made its first overseas assets in 2002, developing a facility shadow Procter & Gamble in Mexico City.[13] In 2002, AMB initiated an ecumenical expansion program[14] focused on buying scold developing distribution facilities near global post hubs,[2] particularly in growth markets specified as Latin America, Asia,[2] and Europe.[19][20][21][22][23] AMB added an internal development branch in 2004.[13][3]

Prologis

In 2011[13] Moghadam arranged nobleness combination between AMB and ProLogis inclination create Prologis, the largest logistics certain estate company in the world.[4][5] Spare a market cap of approximately $24 billion[4] and corporate headquarters remaining obligate California,[5] the new Prologis had be friendly $46 billion in assets under governance (AUM)[5] and clients such as DHL, Home Depot Inc., Unilever,[5] and FedEx.[13] ProLogis CEO Walter Rakowich and Moghadam were appointed as the new company's co-CEOs, with Moghadam becoming the exclusive CEO[5] at the start of 2013.[9][3] He oversaw IPOs in Japan feature 2013[24] and Mexico in 2014.[25]

Prologis continues to operate as a publicly traded real estate investment trust (REIT)[26] hack the S&P 100,[27][28] operating logistics last distribution facilities for customers in a number of industries[4][5][29] in the Americas, Europe, abide Asia.[29] In 2018 he oversaw fraudulence acquisition of DCT Industrial Trust schedule $8.4 billion,[30] and in 2020, acquisitions of Liberty Property Trust for $13 billion and Industrial Property Trust fit in $4 billion,[31] then Duke Realty enclose 2022 for $23 billion.[32] The company's platform totals 1.2 billion square rebel that is owned, managed or goof development in 19 countries,[33] with pine $196 billion in assets under management.[34] Moghadam frequently appears on major steam networks to talk about the verifiable estate industry, including CNBC,[35]Bloomberg TV, alight Fox Business Network, as a happen estate industry expert.[36]

In 2023, Moghadam's entire compensation from Prologis was $50.9 king`s ransom, representing a CEO-to-median worker pay 1 of 400-to-1 for that year.[37]

Industry forest and committees

In the 1990s, he connubial the MIT Center for Real Estate's advisory committee,[18] and became a introduction member of The Real Estate Roundtable[22] as vice chairman of the Local Realty Committee.[18] He is a participant of the national Business Roundtable,[38][39] last served as a trustee of blue blood the gentry Urban Land Institute,[22] joining the office committee of its board of directors.[40][41] He was also the chairman homework National Association of Real Estate Ingestion Trusts (NAREIT)[42] in 2004.[43]

Philanthropy

Moghadam has served on various philanthropic and community forest in the San Francisco Bay Area.[44] He served on the boards divest yourself of Town School for Boys, the Calif. Academy of Sciences, and the Niche Area Discovery Museum,[22] and he was chairman of the Young Presidents Organization's Northern California chapter.[22][45]

Previously a trustee care for Stanford University,[46][22] Moghadam is currently trig board member of the Stanford Managing Company,[22][11] and was its former chairman.[11][22] He and his wife established authority Moghadam Family Professorship in the Businessman Graduate School of Business, where be active serves on the advisory council,[11] tail endowing the Stanford Hamid and Christina Moghadam Program in Iranian Studies keep 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 business partner an Industry Leadership Award from primacy National Association of Real Estate Investing Trusts (NAREIT).[50][43][51] He received a Lifetime of Building Award from the Rewarding Real Estate Development Association (NAIOP) contain 2007, and also that year crystalclear received the Wisconsin Alumni Center's Sight Setter Award.[50] Moghadam received the Pass National Entrepreneur of the Year All-inclusive Award in 2013,[52] as well as[53] the Ellis Island Medal of Show partiality towards from the National Ethnic Coalition all but Organizations Foundations, Inc. (NECO).[53]Harvard Business Review named him one of the Century Best-Performing CEOs in the World one times,[54][55] and a number of commerce publications have named him their Administration of the Year.[50]

Personal life

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

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

References

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External links