The estimated Net Worth of Hugh R Frater is at least $3.95 Million dollars as of 5 May 2017. Mr. Frater owns over 10,000 units of VEREIT Inc stock worth over $3,621,600 and over the last 9 years he sold VER stock worth over $0. In addition, he makes $326,243 as Non-Executive Independent Chairman of the Board at VEREIT Inc.
Hugh has made over 3 trades of the VEREIT Inc stock since 2015, according to the Form 4 filled with the SEC. Most recently he bought 10,000 units of VER stock worth $78,100 on 5 May 2017.
The largest trade he's ever made was buying 31,000 units of VEREIT Inc stock on 11 September 2015 worth over $245,210. On average, Hugh trades about 6,000 units every 52 days since 2015. As of 5 May 2017 he still owns at least 72,000 units of VEREIT Inc stock.
You can see the complete history of Mr. Frater stock trades at the bottom of the page.
Hugh R. Frater serves as Non-Executive Independent Chairman of the Board of the Company. In October 2018, Mr. Frater was appointed as interim Chief Executive Officer of the Federal National Mortgage Association (“Fannie Mae”) and served in this position until March 2019 when he was appointed, and currently serves as, the Chief Executive Officer of Fannie Mae. From April 2014 until his retirement in December 2015, Mr. Frater served as Chairman of Berkadia Commercial Mortgage LLC (“Berkadia”), an industry-leading commercial real estate company that is owned 50% by Berkshire Hathaway Inc. and 50% by Leucadia National Corporation, which provides comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Mr. Frater formerly served as Berkadia’s Chief Executive Officer from August 2010 until April 2014. From November 2007 until June 2010, Mr. Frater was the Chief Operating Officer at Good Energies, Inc. and from February 2004 until May 2007, Mr. Frater was Executive Vice President at PNC Financial Services, where he led the real estate division. From August 1988 until February 2004, he was a Founding Partner and Managing Director of BlackRock, Inc., the largest global investment manager, where he also led the real estate practice. Mr. Frater has also served as a director of Hippo Analytics Inc., a private home insurance company since July 2018. He has also served on the Real Estate Advisory Board at the Columbia University Graduate School of Business since 2004 and on its Board of Overseers since 2015. Mr. Frater has also previously served on the Board’s Audit Committee and Nominating and Corporate Governance Committee from April 2015 to September 2015.
As the Non-Executive Independent Chairman of the Board of VEREIT Inc, the total compensation of Hugh Frater at VEREIT Inc is $326,243. There are 7 executives at VEREIT Inc getting paid more, with Glenn Rufrano having the highest compensation of $6,821,120.
Hugh Frater is 64, he's been the Non-Executive Independent Chairman of the Board of VEREIT Inc since 2015. There are 3 older and 10 younger executives at VEREIT Inc. The oldest executive at VEREIT Inc is Eugene Pinover, 72, who is the Independent Director.
Hugh's mailing address filed with the SEC is C/O VEREIT, INC., 2325 E. CAMELBACK ROAD, 9TH FLOOR, PHOENIX, AZ, 85016.
Over the last 10 years, insiders at VEREIT Inc have traded over $1,827,322 worth of VEREIT Inc stock and bought 379,925 units worth $2,979,711 . The most active insiders traders include David Henry, Julie Richardson, and Mark S Ordan. On average, VEREIT Inc executives and independent directors trade stock every 104 days with the average trade being worth of $1,617,950. The most recent stock trade was executed by Glenn J Rufrano on 23 September 2020, trading 40,000 units of VER stock currently worth $253,200.
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. VEREIT has total real estate investments of $14.6 billion including approximately 3,800 properties and 88.9 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a Maryland corporation.
VEREIT Inc executives and other stock owners filed with the SEC include: