He Owns 28,000 Apartment Units and $10.8 Billion of Real Estate | Jeff Gleiberman E104

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 2 November 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich sits down with Jeff Gleiberman - President of MG Properties. He is responsible for overseeing investment transactions, operational strategies, and partner relations. During Jeff’s tenure, MG Properties has flourished into an NMHC Top 50 Apartment owner with over 28,000 units, 880 Employees, and $10.8 Billion in Real Estate.Rich and Jeff discuss what kinds of markets MG Properties is in, the variance of multi-family markets across the US, the tax advantages of real estate investing, 5 and...

Transcript

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0:00.0	We did about 50 deals in San Diego over the first 10 years and the word of mouth when people tell their friends and family about something that they're very happy and passionate about, grows very quickly.
0:13.7	So now 32 years later, we've got 2,400 partners.
0:18.3	We raise somewhere between 400 and 800 million a year, and we're usually doing somewhere between a billion and two
0:25.9	billion in property acquisitions every year.
0:29.7	Welcome to the Rich Strummer's report where we talk real estate business and wealth
0:33.2	building all while keeping it real no fluff no BS I hope that you enjoy the show
0:42.2	all right guys welcome to another episode of the report. Today, we are back in the studio here in downtown San Diego, and I'm super excited because I got the biggest guess that we've had on thus far.
0:54.4	He owns 28,000 multifamily apartment units.
0:58.4	10.5 billion dollars of real estate.
1:01.5	I got Jeff Glemerman. Jeff, welcome of real estate. I got Jeff Glemer, man.
1:03.6	Jeff, welcome to the show.
1:05.1	Thank you.
1:06.1	Thanks for having me.
1:07.1	Yeah, likewise, man.
1:08.0	I'm excited to connect and dive into this conversation.
1:12.4	I know Jayden in our boutique hotel investing mastermind
1:15.8	introduced us. I know you guys are friends and you guys golf together.
1:19.6	Great, great friend and really happy he connected us.
1:21.9	Yeah, shout out Jaden.
1:23.0	We love Jaden, but yeah man, so just start, you know, why don't you give us an overview of kind of what you
1:29.3	guys own today, what kind of markets you're invested in and what kind of assets you guys
1:32.9	primarily own sounds good so again Jeff Gleiberman president of
	...

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