A history of
& strong returns
The Mid-America Management Corporation was founded in 1967 as the management arm of MIDAMCO, an open-ended real investment fund initiated by our Founder, Alan Krause. After more than 55 years, our portfolio value exceeds $1.0 billion and includes high quality multifamily apartment communities, neighborhood shopping centers and industrial distribution properties located in twelve states.
The two fundamental principles instilled by our Founder remain the focus of our organization: exceptional management with great attention to detail, and strong relationships within the capital markets community. A skilled and dedicated management team is at the heart of our operation with a core value of acting in the best interests of the real estate and our investors. Our talented professionals strive to maximize the cash flow of our existing properties and to rapidly evaluate and successfully implement new acquisitions. This strong and effective management enhances the value of our assets and therefore, the return to all our stakeholders, including investors, employees, local communities, tenants and lenders.
Our close ties with investment sales brokers as well as local and institutional lenders, enable us to respond quickly to favorable acquisition opportunities. These relationships also allow us to enhance the investment yield on our existing portfolio as market situations permit.
Looking to the future, we will continue best practices in all we do and build upon the past 55+ years of The Mid-America Management Corporation by sticking to our core principles.
Alan M. Krause
Mr. Krause has been actively involved in the acquisition, syndication, operation and management of real estate since 1965. Prior to founding Mid-America, he was a real estate broker specializing in industrial, retail and multi-family real estate. From 1971-1998, Mr. Krause served in various capacities including Chairman and Co-Chief Executive Officer of Realty Refund Trust, a REIT listed on the New York Stock Exchange. Mr. Krause is both a licensed securities broker-dealer and a licensed real estate broker in the State of Ohio. He graduated from Cornell University in 1952 and received a Masters Degree in Business Administration from the same university in 1953.
President & Chief Executive Officer
Mr. Misencik received his undergraduate degree in accounting from Cleveland State University in 1984 and received his Masters degree in Business Administration from The Weatherhead School of Management at Case Western Reserve in 1989. He is a certified public accountant in the State of Ohio, and his experience includes five years with a national CPA firm. Prior to his current position, he was Chief Financial Officer and was involved in financing or re-financing over $200 million of mortgage loans. From 1992 to 1998 Mr. Misencik also served as Vice President of Realty ReFund Trust.