Hamid R. Moghadam

Hamid R. Moghadam
Born Hamid Reza Moghadam
(1956-08-26) August 26, 1956
Tehran, Iran
Residence San Francisco, California
Nationality United States
Ethnicity Iranian[1]
Citizenship American
Alma mater Massachusetts Institute of Technology (SB, 1977; SM, 1978)
Stanford University (MBA, 1980)
Occupation Chairman and CEO of Prologis, Inc.

Hamid R. Moghadam (born August 26, 1956) is an Iranian-born American business executive and philanthropist.

Moghadam currently serves as chairman and CEO of Prologis, a global industrial real estate investment trust (REIT), and a S&P 500 company.[2][3][4]

Moghadam is also a trustee of Stanford University,[5] board member of the Urban Land Institute,[6] and past chairman of the National Association of Real Estate Investment Trusts (NAREIT).[7]

Moghadam received the EY National Entrepreneur of the Year Overall Award in 2013[8] and is a past recipient of the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations Foundations, Inc. (NECO).[9]

Early life and education

Hamid Moghadam was born in 1956 in Tehran, Iran.[10] In 1973, he entered the Massachusetts Institute of Technology (MIT).[10] At MIT, Moghadam received Bachelor and Master of Science degrees in engineering.[10][11] In 1980, Moghadam received a MBA from the Stanford Graduate School of Business.[12][13]

Career

After college, Moghadam planned to return to his native Iran.[14] Moghadam’s plans were abruptly derailed by the Iranian Revolution in 1979.[15]

In 1983, Moghadam and Douglas Abbey founded Abbey, Moghadam & Company.[13][14] They were joined by T. Robert Burke in 1984 and established AMB Institutional Realty Advisors, later named AMB Property Corp.[13] Initially, they planned to provide investment advisory services, but the company quickly “morphed into a workout business” that helped investors revitalize underperforming real estate assets.[14] In the late 1980s, AMB refined its investment strategy and focused on industrial parks and neighborhood shopping centers in infill trade areas.[14]

In 1997, Moghadam guided AMB, in conjunction with certain of its funds under management, through an IPO.[16] Starting in 1999, AMB sold nearly $1 billion in retail assets to institutional investors and reallocated funds into warehouse spaces.[17][18] In 2002, AMB launched an international expansion program focused on Mexico, Europe and Asia.[19] In 2011, Moghadam orchestrated a “merger of equals” of AMB and ProLogis, another real estate investment trust, to create Prologis, the largest industrial real estate company in the world, with more than $50 billion in assets under management and a platform of logistics and distribution facilities on four continents.[2][3]

Moghadam is currently chairman and chief executive officer at San Francisco, CA-based Prologis.[20] Prologis operates nearly 3,000 logistics and distribution facilities for 4,700 customers across a diverse range of industries in the Americas, Asia and Europe.[21] The company’s platform totals 574 million square feet that is owned, managed or under development.[22] Prologis operates as publicly traded real estate investment trust (REIT)[23] and is a member of the S&P 500.[4]

Corporate responsibility

Under Moghadam’s leadership, Prologis has received numerous honors for its commitment to corporate responsibility and has been named among the “Global 100 Most Sustainable Corporations in the World” for six consecutive years.[21][24][25][26][27] Focus areas include environmental stewardship, social responsibility, and ethics & governance.[28] Programs that support these goals are detailed in Prologis’ 2012 Corporate Responsibility Report: Making a Positive Impact Across a Global Platform.[29]

Industry leadership

Moghadam is a trustee of Urban Land Institute and has served on the executive committee of its board of directors since 2011.[6] He previously served as the chairman of National Association of Real Estate Investment Trusts (NAREIT)[7] and the Real Estate Investment Trust Political Action Committee,[30] was a director of Plum Creek Timber Company,[31] and is a founding member of The Real Estate Roundtable.[32]

Media appearances

Moghadam frequently appears on major television networks, including CNBC,[33] Bloomberg TV, and Fox Business Network, as a real estate industry expert.[34]

Awards and recognition

Moghadam received the EY National Entrepreneur of the Year Overall Award in 2013[8] and was named EY’s Entrepreneur of the Year in Real Estate in 1998. In 2007, he received a Lifetime of Building Award from the Commercial Real Estate Development Association (NAIOP).[35] He is a past recipient of the Ellis Island Medal of Honor from the National Ethnic Coalition of Organizations Foundations, Inc. (NECO).[36] In 2004 and 2005, Moghadam was presented Industry Leadership Awards by the National Association of Real Estate Investment Trusts (NAREIT).[37][38]

Philanthropy

Moghadam is a trustee of Stanford University[5] and served as chairman of Stanford Management Company, which manages Stanford University's endowment and other financial assets.[12]

Moghadam has served on various philanthropic and community boards in the San Francisco Bay Area, including the California Academy of Sciences, the Bay Area Discovery Museum, Making Waves Foundation,[39] and the Town School for Boys,[32] and was chairman of the Young Presidents Organization’s Northern California chapter.[40]

Personal life

Moghadam is married, has one son, and a dog named Kona.

References

  1. ↑ "Hamid Moghadam". I'm Iranian. Retrieved 7 August 2014.
  2. 1 2 "ProLogis and AMB Property to Merge". New York Times. Retrieved 7 August 2014.
  3. 1 2 Troianovski, Anton. "Warehouse Giants AMB Property, ProLogis to Merge". Wall Street Journal. Retrieved 7 August 2014.
  4. 1 2 "S&P 500 Index". CNNMoney.com. Retrieved 7 August 2014.
  5. 1 2 "2014 Board of Trustees". Stanford University. Retrieved 7 August 2014.
  6. 1 2 "Board of Directors". Urban Land Institute. Retrieved 7 August 2014.
  7. 1 2 Bechard, Matthew. "REITs@50: Industry Reflections, Hamid Moghadam of AMB Property Corp.". NAREIT. Retrieved 7 August 2014.
  8. 1 2 "2013 EY Entrepreneur Of The Year". Ernst & Young Global Limited. Retrieved 7 August 2014.
  9. ↑ "Iranian American Ellis Island Honorees". Public Affairs Alliance of Iranian Americans, Inc. Retrieved 7 August 2014.
  10. 1 2 3 Moghadam, Hamid. "The Boss: Keep the Rejection Letters". New York Times. Retrieved 7 August 2014.
  11. ↑ "Donor Profile: Hamid Moghadam". MIT School of Architecture + Planning. Retrieved 7 August 2014.
  12. 1 2 "Investing in Faculty: the Moghadam Family Professorship". Stanford Graduate School of Business.
  13. 1 2 3 Robson, Douglas. "Man of vision". San Francisco Business Times. Retrieved 7 August 2014.
  14. 1 2 3 4 Kacsmar, Mike. "Flexibility, Transparency And Values Drive Entrepreneur's Success". Forbes. Retrieved 7 August 2014.
  15. ↑ Feintzeig, Rachel. "Prologis CEO: A Life Changed By a Revolution". Wall Street Journal. Retrieved 7 August 2014.
  16. ↑ "Prologis, Inc.". NYSE.com. Retrieved 7 August 2014.
  17. ↑ "1999 – The Webvan Wager". Prologis. Retrieved 7 August 2014.
  18. ↑ Starkman, Dean. "AMB to Buy Airport Space From Aviation Facilities". Wall Street Journal. Retrieved 7 August 2014.
  19. ↑ "Company History". Prologis. Retrieved 7 August 2014.
  20. ↑ "Executive Committee". Prologis. Retrieved 7 August 2014.
  21. 1 2 "Prologis Corporate Profile" (PDF). Prologis. Retrieved 7 August 2014.
  22. ↑ "About Us". Prologis. Retrieved 7 August 2014.
  23. ↑ "Prologis, Inc.". Google Finance. Retrieved 7 August 2014.
  24. ↑ "Global 100: Most Sustainable Corporations in the World (2014)". Corporate Knights. Retrieved 7 August 2014.
  25. ↑ "Global 100: Most Sustainable Corporations in the World (2013)" (PDF). Corporate Knights. Retrieved 7 August 2014.
  26. ↑ "Global 100: Most Sustainable Corporations in the World (2012)" (PDF). Corporate Knights. Retrieved 7 August 2014.
  27. ↑ "Solar Means Business: Top Commercial Solar Customers in the U.S.". Solar Energy Industries Association. Retrieved 7 August 2014.
  28. ↑ "Corporate Responsibility". Prologis. Retrieved 7 August 2014.
  29. ↑ "2012 Corporate Responsibility Report, "Making a Positive Impact Across a Global Platform" (PDF). Prologis. Retrieved 7 August 2014.
  30. ↑ "Hamid R. Moghadam". Stanford Professionals In Real Estate. Retrieved 7 August 2014.
  31. ↑ "Plum Creek Announces New Board Appointments". Plum Creek Timber Company, Inc. Retrieved 7 August 2014.
  32. 1 2 "Senior Officers: Hamid R. Moghadam". Prologis. Retrieved 7 August 2014.
  33. ↑ "Prologis, Inc.". CNBC. Retrieved 7 August 2014.
  34. ↑ "Broadcast Coverage". Prologis. Retrieved 7 August 2014.
  35. ↑ "Hamid Moghadam". Walker’s Research. Retrieved 7 August 2014.
  36. ↑ "Iranian American Ellis Island Honorees". Public Affairs Alliance of Iranian Americans, Inc. (PAAIA). Retrieved 7 August 2014.
  37. ↑ "REIT Industry Honors AMB’s Hamid Moghadam" (PDF). National Association of Real Estate Investment Trusts (NAREIT). Retrieved 7 August 2014.
  38. ↑ "NAREIT Industry Leadership Award Recipients". National Association of Real Estate Investment Trusts. Retrieved 7 August 2014.
  39. ↑ "Board of Directors". Making Waves Foundation. Retrieved 7 August 2014.
  40. ↑ "Seven New Members Elected to Serve on the California Academy of Sciences Board of Trustees". California Academy of Sciences. Retrieved 7 August 2014.


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