Sometimes investors and businessmen see what looks like a golden egg and want to go all in on their idea, only to find out later the idea wasn’t nearly as solid as what they thought. Adam Milstein once learned this as he was gaining the knowledge to become successful in real estate investments. Milstein is the Managing Partner at Hager Pacific Properties, a real estate broker company that he co-founded along with David Hager in Los Angeles. The company owns many luxurious properties across California, Texas and Illinois and is valued in the billions of dollars. Adam Milstein decided to sit down with Ideamensch to explain how he became successful in real estate, and how other entrepreneurs could learn from his experiences.
The idea for the company came while he was finishing grad school and looking for a job that would reward his knowledge and life experiences. When he didn’t find any openings that satisfied him, he decided he needed to make his way into the real estate field himself. In fact, he told Ideamensch that entrepreneurs should be willing to make the idea happen that they want to happen without relying on someone else to do it for them. But he did say he learned to have patience in business as well because once he had attempted to invest in art pieces because it seemed the temples in Israel had an interest in them, only to find out later it wasn’t going to be as big a success as he had thought. But he’s learned well from that mistake and helped build a successful company and a successful foundation.
Adam Milstein was born to two parents who moved to Israel when it was recognized as a sovereign nation in 1948. He has both a background in military and the construction industry, following in the footsteps of his father who served in the independence war and built the family business. Adam served in the Yom Kippur War prior to completing his education at the Technion Israeli Institute of Technology, and marrying Gila Elgrably during that time. He completed his MBA at USC in 1981 and started the Milstein Foundation in 2000. He is Chairman and board member of several organizations that speak for Israel’s government policies, and combat anti-Semitism across the globe including StandWithUs, Hasbara Fellowships, Israeli-American Council and AIPAC.