From Fleeing Cuba to $4 Billion in Real Estate with Albert Berriz

Albert M. Berriz is Managing Member, Chief Executive Officer, Board Member and Co-Owner of McKinley, a real estate investment company that owns and operates a $4.6 billion dollar real estate portfolio. Berriz has extensive experience in the acquisition, financing, management, and redevelopment of real estate assets. He has been responsible for acquiring and managing assets in excess of $10.0 billion during his career.

Highlights of the Episode:

02:58 - Background about Albert’s Dad

06:28 - Work Ethic that Albert’s Dad taught him

09:17 - Importance of Education and Willingness to work hard

11:41 - Luxury Housing Business

14:13 - Maintaining Long Term Relationships with your Partner

17:58 - Focus on the Goal

21:49 - Lessons learned from mentor

23:12 - Today’s Generation of Entrepreneurs

26:40 - Leveraging Social Media

26:40 - Repositioning Strategy

34:56 - Supply and Demand Imbalance

38:24 - Different Experiences of the Guest - Year 1982, 1991 and 2008

42:05 - Best way to prepare for a recession - Capitalization

46:15 - Favorite Books

47:28 - Relationship with Comfort and Discomfort

Notable quotes from the Episode:

“Providing people homes is an absolute thrill.” - Albert Berriz

“Commitment is a cornerstone of an immigrant refugee mindset. You’re not done until you’re done and you got to do your job.” - Albert Berris

“A business partner is not any different than a wife.” - Albert Berriz

Connecting with the Guest

Website: https://www.mckinley.com/

Facebook: https://www.facebook.com/MckinleyCompaniesLLC

LinkedIn: https://www.linkedin.com/company/mckinley/ 

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