Ideamensch Interview with Adam Milstein About His Investment Career and Entrepreneurship Experiences
In an interview on Ideamensch, in December 2016 Adam Milstein shares experiences as an investor and partner of Hager Pacific Properties. He is known in the investment industry and community as a leader and philanthropist. He is a partner of private commercial real estate investment firm, Hager Pacific Properties. As Managing Partner, he helps manage more than 100 properties valued at approximately $2 billion with three other partners. He also helps to keep the company’s real estate portfolio strong by including commercial, industrial, multifamily, and retail properties.
Adam Milstein heads the San Fernando Valley Office and directs disposition, financing and property management. When Ideamensch asked him about his idea for Hager Pacific Properties, he elaborated on his education and life experiences. He came to the United States in 1981 and became a citizen, continuing his education and earning a MBA. Two years later, Mr. Milstein started on a career in commercial real estate and discovered it was difficult. He decided to work as a Real Estate Commercial Broker and discovered much success, inspiring him to be one of the most successful real estate investors.
Ideamensch asked Mr. Milstein to talk about his business growth, entrepreneurship experience, and recommendations he would suggest to others. It’s one strategy he said helped his business grow, not setting specific and unrealistic goals which limited his success. The advice he suggests to others in the real market is to never let other people persuade you that the real estate market is abusive and uses you. He said investments into real estate takes time to earn profits and shouldn’t be considered as short-term investments.
In the middle of the interview, Adam Milstein admitted to one failure, the desire to become wealthy by investing all his money into one venture. He said it was a mistake and life experiences taught him that real estate is for long-term investments. Mr. Milstein says entrepreneurs must understand any issue and never rely on others to come up with solutions as the leader. The interview ended after he spoke about his partner, David Hager who influences his thinking and capable of helping others.