million of IPO shares–and kept on buying in public offerings in January 2012, February 2013 and July 2013. Our incentive compensation is based on total return to shareholders and paid with stock. Our governance is market leading.
W. Blake Baird
Chairman & Chief Executive Officer, Co-Founder
Prior to co-founding Terreno Realty Corporation, Blake was President and a Director of AMB Property Corporation and Chairman of its Investment Committee. AMB, (now Prologis, NYSE:PLD), was a leading global developer, owner and operator of industrial real estate with more than 1100 buildings containing over 125 msf and an equity market capitalization of over $5 billion. Blake led a significant transformation of AMB, exiting the shopping center business to focus on industrial properties near major airports and seaports, internalizing property operations, expanding into 12 countries and building an in-house development function. Blake joined AMB in January 1999 as Chief Investment Officer, was named President in January 2000 and was elected to the Board in 2001.
Prior to joining AMB, Blake was a Managing Director of Morgan Stanley & Co., most recently as head of Real Estate Investment Banking for the western United States. Blake spent 15 years at Morgan Stanley and Dean Witter, the last 11 focusing on real estate.
Blake holds a BS in Economics (magna cum laude) from the Wharton School and a BA in History (magna cum laude) from the College of Arts and Sciences at the University of Pennsylvania. He also holds an MBA from New York University.
Blake is a Director of Sunstone Hotel Investors, Inc. (NYSE:SHO), a lodging REIT. Blake was a Director of Matson, Inc. (NYSE:MATX) from 2012-2020 and a Director of Alexander & Baldwin, Inc. (NYSE:ALEX) from 2006-2012.