1/15/2020 | By Nareit Staff
Ben Butcher, CEO, president, and chairman of STAG Industrial, Inc. (NYSE: STAG), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Butcher discussed the importance of focusing on energy efficiency and sustainability, after STAG Industrial was recognized as a green lease leader by the Institute for Market Transformation and the Department of Energy.
“It’s an opportunity to run our buildings better—more efficiently—and save some money over time,” he said.
Butcher also discussed STAG’s recent investment and developments in Western Pennsylvania.
“Pittsburgh is a very vibrant city with great institutions of higher education [and] a very well-trained workforce,” he said. “It has good supply and demand characteristics [too], and some good dynamic growth.”
Butcher added that 2019 was an exceptional growth year for STAG, with an estimated $1.1 to $1.2 billion in acquisitions projected, and he’s looking to 2020 and future years to continue to be strong, “whether we reach those levels again or not.”