Adam Milstein was interviewed by Ideamensch not long ago to share ideas with young entrepreneurs on how they could succeed in real estate. He’s a Managing Partner at Hager Pacific Properties, a real estate investment firm he co-founded years ago along with David Hager that owns and leases many properties across California, Illinois and Texas. He’s also the founder of the Milstein Family Foundation, a philanthropic organization that gives back to the Jewish American and emphasizes three pillars of active philanthropy, path life impact and philanthropic synergy. Along with the foundation he’s co-founded Hebrew learning program Sifriyat Pijama B’America.
Adam Milstein told Ideamensch that the idea for Hager Pacific Properties came to him while he was attending graduate school and determined none of the other jobs being offered to him compensated him properly. He and his friend David Hager, who he has mentioned as the most influential person in his life decided to enter commercial real estate brokering and in time they acquired enough assets to start an independent venture. Milstein says he never fully knows just what his day is going to consist of, but says that more structure comes from accumulating assets and being involved in philanthropy. But he also says you have to be willing to do much of the work yourself in the business and have patience because it takes time to make profits in real estate.
Prior to founding Hager Pacific Properties Adam Milstein worked alongside his father in the building framing trade in Israel. His family had moved to Israel from Latin America back in 1948 and Adam is the oldest of three sons. He served in the military during the Yom Kippur War of 1973 and was in Ariel Sharon’s unit that invaded Egypt. He married Gila Elgrably upon returning from the war and also attended the Technion – Israeli Institute of Technology. Three years after completing his bachelor’s degree at the Technion he relocated his family to the US and received his MBA from USC. In addition to founding Hager Pacific Properties and the Milstein Foundation, Adam Milstein is also Chairman of the Israeli-American Council and is on the boards of AIPAC, StandWithUs, Jerusalem U, Birthright Israel and many other groups.