Albert Berriz is CEO, board member and co-owner of real estate investment firm McKinley. In his role, he oversees a $4.6 billion-dollar portfolio with 20,000 apartment units and over 10 million square feet of shopping centers and office buildings located in 16 states. Albert came to the U.S. as a refugee when he was a child. Now after more than 30 years with McKinley, he’s responsible for acquiring and managing assets in excess of $7 billion dollars and manages a full-time staff of one thousand.
What we talked about:
2:00 - The state of McKinley and how the business has changed over 30 years
3:05 -Why they are staying in the workforce housing market
4:40 - Why they won't be expanding to regions outside of Ann Arbor and Orlando
12:40 - How they handle rising rents
14:00 - How to improve affordable housing
16:50 - How they retain staffers
18:10 - What they are doing for a succession plan
18:55 - What it was like coming to the U.S as a refugee
19:55 - His management style and how he uses social media
22:15 - His biggest mistake in business and how he overcame it