W. Baird on sustainability
From Quickfire questions: Tom Walker meets Terreno Realty Corporation's CEO · · Schroders
“The marketplace is focused on building a building in the middle of nowhere and putting a bike rack there so I get a good environmental score. We're really focused on meaningful sustainable improvements to the environment through repurposing facilities.”
On , W. Baird, Co-Founder, Chairman & Chief Executive Officer at TERRENO REALTY CORP, spoke about sustainability during Quickfire questions: Tom Walker meets Terreno Realty Corporation's CEO on Schroders.
About W. Baird
In a September 2024 interview, W. Baird, co-founder, chairman, and CEO of Terreno Realty Corporation, discussed the company's investment strategy and recent milestones. He stated that Terreno invests in industrial real estate in six U.S. markets, focusing on "very urban infill locations" that are the "densest, closest to people assets." Baird described the company's "jewel in the crown" as a focus on "growing per share results" rather than being the largest operator. He noted that Terreno has made an acquisition every three weeks for 13 years, with an average deal size of $12 million, building a $6 billion portfolio. Baird also addressed sustainability, saying the company's biggest challenge is "getting the marketplace to understand what we do." He argued that repurposing urban infill buildings to minimize truck travel distances is "highly environmentally friendly," contrasting this with what he described as the marketplace's focus on superficial measures like installing bike racks at suburban buildings. Baird expressed that Terreno has reached "critical mass" and is "ready for prime time" to demonstrate its track record.