X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FARMINGTON HILLS, MI-A local real estate investor has been named to the inaugural class of Marcus & Millichap Real Estate’s newly-established national Real Estate Investor Hall of Fame. Mitchell Bleznak of Bleznak Real Estate Investment Group in Farmington Hills was among the 28-member class of 2004.

With total assets exceeding $300 million and equity of approximately $60 million, Bleznak’s real estate portfolio includes multifamily, senior housing and retail properties in Michigan, Missouri and Colorado.

Bleznak’s first income property investment was the 80-unit Buckingham Manor Apartments in Birmingham. Purchased in 1982 for just under $2.5 million, the property was an attractive investment due to its location in a growing area and strong unit mix.

Bleznak used his own property management firm to handle minor renovations, including modernizing the kitchens, improving the overall maintenance of the property and landscape enhancements. The property was ultimately sold in 1998 for $5.6 million to a local condominium converter.

“Mitchell Bleznak has been a highly successful investor, building considerable equity in his portfolio,” says Steven Chaben, first vice president and regional manager of the Marcus & Millichap Detroit office. “With more than two decades of experience, Bleznak has demonstrated the ability to negotiate the various real estate cycles, identify opportunities and create value.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.