John Meyer on acquisitions
From Quickfire questions: Tom Walker meets Terreno Realty Corporation's CEO · · Schroders
“We have made an acquisition every 3 weeks for 13 years and the average acquisition size is only $12 million. To create a $6 billion portfolio one acquisition at a time every 3 weeks for 13 years, it takes time.”
On , John Meyer, Executive Vice President & Chief Operating Officer at TERRENO REALTY CORP, spoke about acquisitions during Quickfire questions: Tom Walker meets Terreno Realty Corporation's CEO on Schroders.
About John Meyer
In a September 2024 interview, John Meyer, Executive Vice President and Chief Operating Officer of Terreno Realty Corporation, was not directly quoted. However, the company’s CEO, Blake Baird, described the firm’s strategy and operations. Baird stated that Terreno Realty invests in industrial real estate in six U.S. markets, focusing on "urban infill locations" that are "the densest, closest to people assets." He characterized the company’s "jewel in the crown" as a focus on "growing per share results" rather than being the largest, and noted that the firm has made an acquisition every three weeks for 13 years, with an average acquisition size of $12 million, to build a $6 billion portfolio. Baird also discussed sustainability challenges, saying the marketplace often prioritizes features like bike racks in remote locations, while Terreno Realty focuses on "meaningful sustainable improvements" through repurposing urban infill buildings to minimize truck travel distances. He expressed that the company has reached a "critical mass" and is "ready for prime time" to demonstrate its track record of outperformance.