Hugh Frater

Hugh R. Frater ’85
Chairman, VEREIT, Arizona

Hugh R. Frater is the chairman of VEREIT, one of the largest net lease companies in the nation, which owns and manages over 100 million square feet of real estate.

He is the former chairman and chief executive officer of Berkadia, a highly rated master and primary servicer, top-tier commercial real estate loan originator, and investment sales advisor. Previously, Mr. Frater was a founding partner and managing director of BlackRock, the world’s largest global investment manager, where he also served as co-head of institutional client services and business development, head of the Real Estate Group, and a member of the Management Committee.

Mr. Frater serves on the boards of directors of ABR, a Bermuda-based reinsurer, and Fannie Mae, the nation's largest housing finance company. He is a former member of the board of the Mortgage Bankers Association (MBa), where he served as chairman of the MBa Affordable Housing Task Force, vice chair of the MBa GSE Multifamily Task Force, and a member of the MBa Audit Committee and the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG).

Mr. Frater holds an MBA from Columbia Business School and a bachelor’s degree from Dartmouth College.