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Workshop

NAIOP development '08 Conference


CEO Insight with Michael Dermody, chairman and CEO, DP/Dermody Properties—IRR Really Stands for Integrity, Respect and Responsibility

Session #: 078-10
Presenter(s): Michael Dermody
Session Length: 1 hr. 15 min.
Event: development '08 Conference
Date: October 21-23, 2008

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Michael Dermody is chairman and CEO of DP/Dermody Properties, a leading private national industrial development company. Dermody recently sold 24,719,000 square feet in one of the largest transactions of its kind. While Dermody's career has experienced many notable highlights and real estate firsts, he is most proud of how his company has maintained his deep commitment to employees, to clients and the communities in which he does business.In this CEO Insight session, he'll discuss what has driven him and his 30+ year career. With candor, he will discuss his successes and his failures with a focus on lessons learned: How a family business is managed; the reasons for not taking the company public; his experience as a general partner with CalSTRS in 1991; and most importantly, how Dermody Properties calculates its IRR.



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