Terreno’s executive management team and Board of Directors are highly aligned with our shareholders. We bought a significant number
of shares during our IPO–and have kept on buying. Our incentive compensation is based on total return to shareholders and paid with stock. Our governance is market leading.
Peter J. Merlone
Chair, Compensation Committee

Mr. Merlone is a founder, co-owner and co-managing partner of the general partner entities of Merlone Geier Partners (MGP), a private real estate investment firm focused on the acquisition, development and redevelopment of retail and mixed-use properties in California and other western states. He fills the same role at Merlone Geier Management (MGM), which provides all management, leasing and construction services for all MGP funds.

Mr. Merlone is also a founder and president of the general partner entities of M&H Realty Partners (M&H), the predecessor to MGP, and was a founder and president of M&H Property Management (MHPM), the predecessor to MGM. From 1986 to 1993, prior to the formation of the first M&H fund, Mr. Merlone was the founder and owner of The Merlone Company, MHPM’s predecessor.

Mr. Merlone’s primary responsibilities are to formulate and oversee the strategy, financial and operating affairs of MGP and the activities of MGM. Since 1993, Mr. Merlone has overseen twelve institutional limited partnerships with aggregate equity capital commitments of $4.3 billion which have acquired operating properties across the western states with retail, multi-family and office components.

Mr. Merlone graduated from UCLA in 1979, simultaneously earning an undergraduate degree in economics, summa cum laude, and a master’s degree in education. He was also elected to Phi Beta Kappa. Mr. Merlone is a licensed real estate broker.