Thank you Ben Butcher, CEO of STAG Industrial for joining the BRA Morning Zoom

Thank you Ben Butcher, CEO of STAG Industrial for joining our Morning Zoom.

Mr. Butcher provided a quick overview of the STAG portfolio and shared that they focus on speed to market, optionality, and cashflow. They are a big believer in “boots on the ground” and augment their asset management efforts by hiring local and best-in-class property managers, as well as local brokers to lease their assets in all 38-states.
He said that he’s extremely optimistic about the future of STAG, mentioning that they own assets equal to about 1.5% of their target market, and thus have a lot of room for growth. He added that moving forward, they believe that finding secured loans will be difficult, this will limit the participation of small buyers from most deals.
STAG does not offer data storage nor cold storage. Their portfolio mostly caters to single-tenant supply chain companies, like Amazon. Mr. Butcher predicts a continued shortening and clogging of the supply chain as well as manufacturing coming back onshore – creating more of a need for logistical space generally.
He reminded the attentive audience that in order to consider a facility for last-mile fulfillment, the building has to have the ability to receive the product from 18-wheel trucks.
Ben stressed the importance of engaging employees via social causes and charitable organizations – a valuable part of developing the corporate culture.

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