Michael Albanese, Principal, is a long time resident of Beaumont, Texas. A Texan at heart, Mr. Albanese is proud to have graduated with honors from Texas Christian University in Fort Worth, Texas. Mr. Albanese has been in the commercial real estate industry for over 20 years and is considered one of the country’s leading investment experts in regards to value-add opportunities.
In the late 1990’s, Mike and his brother, Eldon Albanese, began purchasing small residential and multi-family properties. 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, Texas. Mr. Albanese continued to purchase retail, industrial and office properties using his very specific purchasing model and today, along with Thomas Cormier, has created one of the country’s most successful privately held commercial real estate companies. The company now owns more than 6,000,000 square feet of assets throughout 25 states.
Actively engaged in commercial ventures early in his career, Mr. Albanese has accumulated years of invaluable experience in property investments. His ability to recognize the value potential for each property and proactively develop and manage those investments is a talent, which has greatly benefited both AIG and ACH as well as the companies’ tenant partners. Further, Mr. Albanese is responsible for the strategic planning and execution of a comprehensive plan for the entire portfolio which includes leasing, property management, NOI growth, redevelopment, acquisitions and dispositions.
Mr. Albanese has been instrumental in creating a full-service, vertically-integrated real estate investment company focused primarily on the development, acquisition, ownership and operation of high-quality neighborhood and community shopping centers in selected secondary and tertiary markets throughout the United States. The holding company owns a portfolio of operating retail properties, retail properties under development, operating commercial properties, a related Class-A office building and parcels of land that may be used for future development of residential or commercial properties.
Mr. Albanese, along with his Partners and staff, has created a strategy to maximize the cash flow of ACH’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. A significant volume of growth opportunity is sourced through the extensive network of tenant, corporate and institutional relationships that have been established by Mr. Albanese over the last two decades. New investments are mainly focused in the shopping center sector. The company may selectively pursue commercial development opportunities in markets where it currently operates and where it believes the existing infrastructure and relationships can be leveraged to generate attractive risk adjusted returns.
Serving as principal of the Albanese Investment Group and Albanese Cormier Holdings LLC, Mr. Albanese is an active member of The International Council of Shopping Centers (ICSC) and also serves on the Board of Trustees for All Saints Episcopal School. Mike, his wife Nicole, and their four children attend St. Jude Catholic Church in Beaumont, TX, and enjoy participating in a number of civic and charitable organizations.