Adam Milstein: A Real Estate Investor and a Philanthropist

Born in 1952 in Haifa, Israel, Adam Milstein is an Israeli-American real estate investor, a community leader, and an altruist. Adam Milstein is also a managing partner at Hager Pacific Properties, a firm that specializes in the acquisition, rehabilitation and repositioning of office, retail, office and residential properties. In 2000, together with his wife Gila, they established the Adam and Gila Milstein Family Foundation based in Los Angeles. The foundation’s goals are to strengthen Israel and to preserve the identity of the Jewish people.

As a mandatory service, Adam Milstein joined the Israeli Defence Forces in 1971 where he served during the 1973 Yon Kippur War. He later enrolled in the Technion where he would graduate with a Bachelor’s of Science Degree in Business and Economics in 1978. While still in school, Adam Milstein helped his father in expanding the family business which specialized in real estate construction and business development. He married his wife in 1974, and they moved to the USA in 1981. He later obtained a Masters of Business Administration in 1983 from the University of South Carolina. He then started working as a real estate sales agent.

Milstein attributes his decision to form Hager Pacific Properties, a private commercial real estate investment entity to the fact that many clients didn’t appreciate his skills, knowledge and life experience enough as he was being paid less than undergraduate students. As a result, he opted to work as a commercial real estate broker before deciding to become a real estate investor.

Adam Milstein makes his days more productive through having a structured approach to handling day to day activities. Besides, he says that more productivity is attained when he engages himself in philanthropic activities. He also attributes his productivity to three maxims- persistence, consistency and follow-up. He goes ahead to advice upcoming entrepreneurs to go into businesses which are more inclined towards providing solutions to particular existing problems.

He attributes his success to not being a slave of setting specific objectives. He found specific targets to limit his success. Instead, he embraced non-specific goals. He considers them an essential ingredient to his success.

He notes that the itch to make quick money was a main for some of his failures in business. He realized that success doesn’t happen overnight. It is the lesson that has gone a long way in ensuring his current success in real estate investment.
He recommends “And the Good News…” by Dana Perino as the book every member of the society should read.

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