Stoddard (January 7, 1917 – March 30, 2009) was a real estate financier who pioneered the use of the sale-and-leaseback transaction.
Stoddard was born in Perry, in Union County, Oregon, in 1917.
His family moved east in 1928, living in Eastchester, New York.
Stoddard earned a bachelor's degree from Brigham Young University, an MBA from Harvard Business School, and a law degree from Fordham University.He worked for 34 years at the Equitable Life Assurance Society before joining W.
P.
Carey & Co.
in 1979.
At W.
P.
Carey, Stoddard chaired the independent investment committee, personally reviewing ever deal raised by the firms' acquisition team.
"If he didn't approve of a deal, it wouldn't get done," William Polk Carey, the firm's chairman, is reported to have said.