The Dermody Team

Michael C. Dermody joined the firm in 1976, becoming President and CEO in 1982. Four decades later, he has shaped and developed a well-respected culture that attracts and retains the industry’s best partners, team members and customers. Under his leadership, the company’s portfolio grew from 2.5 million square feet into a fully integrated, national real estate company with over 7.8 billion assets under management.

Although Dermody began as a family business, it quickly became a national industrial development organization through its alignment with institutional partners such as CalPERS, CalSTRS, and Lazard Freres. In 2007, taking advantage of an unprecedented real estate market opportunity, the company sold its 25 million square foot portfolio to Prologis in what was heralded as one of the largest portfolio transactions in industrial real estate.

Today, the company continues to excel through an outstanding national team of experienced development professionals in key markets, an excellent land base and strategic investment partners. With 80+ employees, it has invested/developed more than 110 million square feet of logistic facilities. It has nine regional offices throughout the country in addition to its headquarters in Reno, Nevada. The regional model creates an alignment of interests that allows the company to react quickly and stay focused on its core business of investing in and developing logistics real estate.

Since streamlining its name to Dermody in 2025, Mr. Dermody continues to integrate the company’s deep history and culture into its future trajectory. As a mark of commitment and accountability, Mr. Dermody continues to sign every lease, as he has done since 1983.

Born in Reno, Mr. Dermody attended schools in Reno and graduated high school from Interlochen Arts Academy in Michigan. He studied in Switzerland and France, including the University of Bordeaux, and he obtained his Bachelor of Science from the University of Colorado in 1972 and a J.D. from Gonzaga University in 1976.

A deep commitment to community service and charitable giving has been a cornerstone of Mr. Dermody’s personal and career philosophy. This commitment has become ingrained in the company’s culture. In 1988, the Dermody Properties Foundation was created; it is solely managed and directed by the employees of Dermody and benefits the communities in which the company does business. In 1985, Dermody established The Children’s Cabinet, a non-profit agency that serves the needs of 12,000 families in northern Nevada annually. In 1998, Mr. Dermody founded Sage Ridge School, an independent secondary school with a uniquely integrated core curriculum, ranked in the top 50 nationally. In 2007, the annual Thanksgiving Capstone Award was created as a means of recognizing the most significant need each year in selected communities in which the company does business.

Mr. Dermody and his wife Tammy live in Reno and have four children and six grandchildren. He enjoys grandparenting, woodturning, traveling with his family, skiing, hunting, and fishing.