George Stoddard

This article is about the real estate financier. For the educator, see George D. Stoddard.

George E. Stoddard (January 7, 1917 – March 30, 2009)[1] was a real estate financier who pioneered the use of the sale-and-leaseback transaction.

Stoddard was born in Perry, in Union County, Oregon, in 1917. His family moved east in 1928, living in Eastchester, New York. Stoddard earned a bachelor's degree from Brigham Young University, an MBA from Harvard Business School, and a law degree from Fordham University.[1]

He worked for 34 years at the Equitable Life Assurance Society before joining W. P. Carey & Co. in 1979. At W. P. Carey, Stoddard chaired the independent investment committee, personally reviewing ever deal raised by the firms' acquisition team. "If he didn't approve of a deal, it wouldn't get done," William Polk Carey, the firm's chairman, is reported to have said.[1]

References

  1. 1 2 3 Pristin, Terry (April 1, 2009). "George Stoddard, Financing Pioneer, Dies at 92". The New York Times. Retrieved April 1, 2009.


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