Richard Ader is the Founder and Chairman of USRA and has been in the corporate real estate net lease industry since 1968. He serves as chairman of the firm’s investment committee.
Mr. Ader is one of the pioneers in the field of corporate sale-leaseback transactions and a leading authority on the subject. He has devised innovative and revolutionary net lease structures including the sandwich lease, stepped rents, and accrual leases, and has overseen the acquisition and management of over $18 billion of net lease real estate. Mr. Ader is also recognized as an expert in operating real estate, having acquired and operated in excess of 20 million square feet of commercial property and 32,000 residential units throughout the United States. Elected by his peers as Net Lease Executive of the Year in 2011, Mr. Ader was also selected as a Legend and Icon, respectively, by Commercial Property News and Real Estate Forum in 2012.
Prior to forming USRA, Mr. Ader was Chairman of the Board and Chief Executive Officer of American Real Estate Partners, a New York Stock Exchange-listed master limited partnership owning net lease commercial real estate. He also served as the Department Head of the Real Estate Division of Integrated Resources, Inc.
A graduate of the University of Vermont, a member of the Board of Directors of the University of Vermont Foundation and Chairman of the Advisory Board of the College of Arts and Sciences at the University of Vermont, Mr. Ader also is a member of the Board of Directors of Southwestern Vermont Health Care (SVHC) and the United States Tennis Association Foundation (USTAF).