Eldon Albanese, Principal, is a long time resident of Beaumont, Texas. Mr. Albanese is proud to have attended Lamar University, where he studied business, economics and finance.
Mr. Albanese has been in the commercial real estate industry for more than 20 years and is considered one of the industryâ€™s leading specialists in regards to value-add construction
opportunities and retail property management.
Beginning in the late 1990â€™s, Eldon and his brother, Michael Albanese, began purchasing small residential and multi-family properties in the Southeast Texas area. Together, they purchased their first shopping center in early 2000. The Mid County Shopping Center is a 107,000 square foot retail center located in Nederland, TX, and is now the home to major retailers and local favorites, including Exygon Health and Fitness Club, the Huntsman Corporation and Little Caesarâ€™s Pizza, to name a few. In the years to follow, Mr. Albanese continued to purchase retail, industrial, and office properties, and today, along with Michael Albanese and Thomas Cormier, has created one of the countryâ€™s most successful privately held commercial real estate companies. The company now owns more than 4,500,000 square feet of assets throughout 22 states.
Due to Mr. Albaneseâ€™s active hands-on approach throughout his career, he has accumulated years of invaluable experience in property management and construction project management. Mr. Albanese manages the daily operations for all assets and directly oversees capital improvement planning. His ability to absorb and filter the most complex factors of a property and translate those into the most effective and productive future use is a unique talent, which has greatly benefited both AIG and ACH as well as the companiesâ€™ tenant partners. Mr. Albaneseâ€™s energetic approach and commitment to property investments greatly contribute to the successful comprehensive business profile that the companies operate under today.
Mr. Albanese, along with his Partners and staff, has created a strategy to maximize the cash flow of ACHâ€™s operating properties, successfully complete the construction and lease-up or sale of the development portfolio, and identify additional growth opportunities in the form of new developments and acquisitions. According to Mr. Albanese, teamwork within the company is the primary contributing factor to the companiesâ€™ extraordinary success, all the while maintaining a conservative capital structure and impressive balance sheet. Mr. Albanese is an active member of The International Council of Shopping Centers (ICSC.) Eldon, his wife Lisa, and their daughter Audrey attend St. Jude Catholic Church.