Cornell’s Baker Program in Real Estate’s Distinguished Speaker Series is pleased to showcase Benjamin Butcher as the next featured guest for the 2016-2017 series. Butcher has served as the Chief Executive Officer, President, and Chairman of the Board of Directors of STAG Industrial since 2010. Butcher has also served as a member of the Board of Managers of STAG Capital Partners, LLC, STAG Capital Partners III, LLC, and their affiliate prior to the formation of STAG Industrial.
Having a background in private equity investments, real estate debt and equity transactions, and commercial mortgage-backed securities, Butcher has also worked for Credit Suisse First Boston and Nomura Asset Capital. Butcher currently also serves as a member of the board of trustees and member of the audit committee and compensation committee of Washington Real Estate Investment Trust, which focuses on the greater Washington, D.C. metro area. Butcher received his B.A. from Bowdoin College and his MBA from the Tuck School of Business.
STAG Industrial, the Boston-based REIT, has deployed over $1.8 billion of capital since its IPO, representing the acquisition of 228 buildings totaling approximately 46 million rentable square feet. STAG Industrial currently owns 290 properties in 38 states, totaling over 55 million rentable square feet.
Using a model built on a differentiated strength of yield, STAG has been able to consistently perform due to its strategy of focusing on secondary markets that offer less competition and less rent volatility. STAG is also unique in its focus on single-tenant industrial properties in a variety of property classes. This strategy of differentiation by way of market and product niche supports a distinctive risk assessment model that is able to provide investors with a higher yield.
Butcher’s experience and real estate strategy will undoubtedly provide key insights for those in attendance of the speaker series this week. The students and faculty of the Baker Program are privileged to welcome him.