Profile

Michael Steinberg
President
Prestige Equity Management, Inc.

In September of 1977 Prestige Properties, Inc. the first company in The Prestige Group was organized in Gainesville, Florida as a real estate brokerage firm. Initially the company handled the sale of new communities, selling home sites and new homes for the developers.

By the late 1970’s the company grew to include and eventually specialize in the brokerage of commercial and investment properties throughout Florida. Brokerage transactions included shopping centers, office buildings, industrial properties, and multi-family in most markets in the state of Florida.

The firm began managing investment properties in 1978 with one shopping center which had been purchased though the company by one of its clients. The management portfolio grew over the next several years to approximately 2,000,000 square feet of retail and office space and numerous apartment complexes managed for private investors, banks, and as a court appointed receiver.

With the desire to develop real estate The Woodlands, the company’s first residential community was developed in 1979; located on Tower Road in Gainesville, the community consisted of 76 quarter acre lots on a 40-acre parcel. The lots were sold and homes built by a joint venture partnership formed by the company as well as other local builders. 

Over the following years the firm diversified into commercial development and many retail and office properties were built, locally and around North and Central Florida.

Today, the company remains engaged in property management and investments utilizing the experience gained over the decades to bring the best results. Mr. Steinberg believes that the best results are obtained not from possessing a keen knowledge of real estate transactions whether it involves land, commercial or SFR investments.
 


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