It was an absolute honor to interview Walt Rakowich, the former CEO of Prologis.
Here are the timestamps for the topics we discussed:
0:00 - Introduction
1:58 - Background on Prologis
7:09 - Why Prologis focused on Industrial Real Estate
11:20 - Choosing global markets
17:01 - Turning the company around (which properties were sold in 2008)
24:20 - Staying on top of the industrial real estate market
32:48 - Cap rates (Industrial vs Office)
34:36 - Cultural changes as CEO of Prologis
40:56 - A story from Transfluence
47:23 - Real world example of culture change
53:29 - How Walt started in Industrial Real Estate
1:00:49 - Getting in touch with Walt
About Walt:
Walt has a BS in accounting from Pennsylvania State University and an MBA from Harvard Business School. Walt spent the majority of his career at Prologis, including time as the CEO from 2008 - 2012. Walt is also the author of Transfluence, a book I recently read and highly recommend!
About Prologis:
Prologis is the largest industrial property owner in the world and an S&P 500 company, but it was on the cusp of bankruptcy when Walt was hired as the CEO. Walt led the company through a dramatic turnaround, and today the company owns nearly 1 billion square feet of warehouses and distribution centers all over the world.
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Walt's Website: https://waltrakowich.com/
Walt on Linkedin: https://www.linkedin.com/in/waltrakowich/
Walt on Twitter: https://twitter.com/waltrakowich
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🙋 Chad Griffiths, MBA, SIOR
NAI Commercial Real Estate Inc.
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#industrialrealestate #warehouses
