Speaker

 

Hossein Fateh
Hossein
Fateh
Chairman & CEO
CloudHQ

Hossein Fateh is the founder and Chief Executive Officer of CloudHQ LLC, a wholesale data center developer, owner, and operator. Prior to CloudHQ, Mr. Fateh was the CEO and Co-Founder of DuPont Fabros Technology (NYSE:DFT) and its predecessor, DuPont Fabros Development (“DFD”).

Mr. Fateh co-founded DFD in 1997, where he managed the acquisition, development, leasing, and management of all of the firm’s properties including Central Business District office buildings located in Washington DC, suburban office and industrial parks located in Northern Virginia and wholesale data centers. DFD’s activity in Northern Virginia placed it at the confluence of the digital surge. Mr. Fateh, along with his co-founder, became a first mover in wholesale data center development – later to be categorized as alternative real estate, anticipating the internet driven digital demand of critically located data centers.

In 2007, Mr. Fateh was the first person in the US to get a “Private letter Ruling” from the IRS qualifying data centers as “good” REIT Income. Soon after the ruling, in October 2007 the two co-founders brought the majority of DFD’s data center investments to the public investment market as DuPont Fabros Technology (NYSE:DFT). At the time of the public offering, DFT had a total equity market cap of approximately $1.618 billion. It was the largest REIT IPO of 2007. Mr. Fateh served as President, CEO and Director of DFT until February 2015. At the time of his departure, the company had grown to 288 megawatts of IT load. Having selected his successor, he then became Vice-Chairman of DFT’s board. Satisfied the transition was complete, Mr. Fateh resigned from DFT’s board in November 2015. DFT was sold to Digital Realty Trust Inc. (NYSE:DLR) for enterprise value of $7.6 billion late 2017.

Building on his experience with DFT, Mr. Fateh founded CloudHQ, a next generation data center company. CloudHQ has recently completed its first data center build in Northern Virginia, which totals 50.6 megawatts of IT load. CloudHQ owns additional land in Northern Virginia on which it can build up to 1000 megawatts of IT load and has control of sites in Frankfurt and London for approximately 90 megawatts of load respectively in each of the European countries.

In addition to data center companies, Mr. Fateh founded Dalian Development, LLC (“Dalian”), a multifamily rental company based in Washington, DC. Dalian has active development projects located in Philadelphia and San Antonio in excess of 1000 units with values in excess of $300 million. This year Dalian will continue to expand with a new site under control in Richmond, Virginia.

Mr. Fateh also founded WindHQ, LLC (“WindHQ”), a renewable energy company to meet the growing demand of wind power from technology companies throughout the Americas. WindHQ focuses on the data center power market in order to offer cheap and renewable wind energy solutions to an industry that depends on heavy power, preferably from renewable energy. WindHQ intends to become a prominent provider of renewable wind energy for CloudHQ data center campuses. In February 2017, WindHQ delivered a 162-megawatts wind farm located in the pan-handle of Texas.

Mr. Fateh earned his bachelor’s degree in Business Administration and his Master of Science in Finance from George Washington University. Mr. Fateh is on the board and following committees, Center for Real Estate and Urban Analysis (CREUA), George Washington University, Executive Committee of the Steers Center for Global Real Estate at Georgetown University, the Global Business Advisory Board at the McDonough School of Business, Georgetown University and is a Member of the Research Council at the Hospital for Special Surgery (HSS) located in New York City.