Adam Milstein knows a lot about real estate and how to break into investing in properties. He’s a Managing Partner at Hager Pacific Properties, a company he helped build back in the 1980s and that owns many expensive commercial properties across California, Illinois and Texas. Milstein is also a respected philanthropist who not only financially supports the Jewish community but is also actively involved with every group his foundation supports. Ideamensch is an independent blog for entrepreneurs and they wanted to know what was important to Adam Milstein in terms of his business, so they interviewed him recently.
Adam Milstein told Ideamensch that he founded Hager Pacific Properties out of a desire to do better than other companies that were offering him work while he attended graduate school. He mentioned that he had previously tried to launch a business selling art to the temples while he still lived in Israel, but he learned that he had to be a little more patient before investing too large in a particular enterprise as he did this one. What Milstein loves about investing in real estate is the ups and downs of the market and the challenges it presents each day. He also says entrepreneurs should be patient because real estate investing takes some time to make money.
Adam Milstein was born in Israel in 1952 and is the oldest of three sons. His father was a building framer and a former veteran of Israel’s first independence war. Adam himself served in the military when he came of age and fought in the Yom Kippur War in 1973. He married Gila Elgrably after returning home from the war and also enrolled at the Technion, Israeli Institute of Technology. He worked with his father in building framing for a few years, but then he relocated to the US and pursued a master’s degree at the University of Southern California. Some years after completing his master’s and cofounding Hager Pacific Properties, he and Gila founded the Milstein Foundation and Sifriyat Pijama B’America, a Hebrew learning program. Adam Milstein is also the Chairman of the Israeli-American Council and several other activist groups.