COMPANY PROFILE
MICHAEL ALBANESE Principal
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 25 years and is considered one of the country’s leading investment experts in regards to value-add opportunities. The company now owns over 5.3 million square feet of assets throughout 18 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 AC 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 Partner and staff, has created a strategy to maximize the cash flow of AC’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. In recognition of his expertise and leadership in the real estate industry, Mike Albanese has been named to the TCU Neeley School of Business, Center for Real Estate, Board of Advisors. As a member of the Center’s Executive Council, Mike helps shape the future of real estate education by providing strategic guidance, mentorship, and insight into the evolving landscape of the industry. Serving as principal of AlbaneseCormier , Mr. Albanese is an active member of The International Council of Shopping Centers (ICSC). 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.
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