About Longevity
Career History
Before founding Longevity Realty Partners, principal L. Michael Wallace served as vice president at Colliers International for 10 years, specializing in multi-discipline disposition / acquisition transactions as well as investment sales. He is a licensed real estate broker and valuation specialist (MAI designee) with over 20 years of commercial real estate experience. He has worked all sides of the commercial property equation, as broker/consultant, owner/developer, and appraiser, and has been involved in over 900 transactions (sales, leases, appraisals).
Wallace’s personal experience with ownership, investment and
development of real estate properties , combined with market knowledge and sales experience provides for a very unique and valuable skill package for the partners and clients of LRP. Mike began remodeling homes to turn a profit in the late 1980's, and has expanded his endeavors to include shopping centers, mini-storage development, retail / industrial investments, childcare facilities and multi-family construction. His direct ownership and management of projects gives him exposure to the possible upsides and pitfalls of real estate as an investment. He also brings over 12 years of sales and marketing experience to the table, servicing business and investor requirements for purchase, sale and lease of real property.
Wallace spent the first part of his career as a commercial appraiser,
working all of the major Texas markets to include Houston, Dallas,
San Antonio, El Paso, and Austin. In 1992, he earned the MAI
designation and formed his own company, Professional Real Estate
Services, Inc (PRES, Inc). Wallace’s skills are further endorsed by
his designation as CCIM (Certified Commercial Investment Member)
in 1997. Both designations add value to development, investment or marketing projects, by bringing advisory and consulting skills to the process.
Education and Professional
A native of Orange, Texas, Wallace holds a Master's degree in Real Estate (1986), and an undergraduate degree in Economics (1984), both from Texas A&M University. Wallace is an active member of the Gulf Coast CCIM Chapter (CCIM Designee 1997), the Appraisal Institute (MAI Designee 1992), the Vistage Small Business Leadership Program and the Society of Texas A&M Real Estate Professionals (STAMREP).
Career History
Personal and Community
Wallace and his wife, Angela have two sons, Michael Jr. and Cameron Robert and reside in southwest Houston. Angela is an executive with ExxonMobil (23 years) where she manages a global IT (information technology) team. Mike serves on the Board of Directors of Avance, Inc., Houston, a non-profit educational organization that serves underprivileged families and children throughout Texas. The Wallaces are members at Bellaire United Methodist Church and active in Westbury Little League where their boys spend lots of time. Mike also recruits high school students for the Texas A&M Corps of Cadets.
Career History
Before founding Longevity Realty Partners, principal L. Michael Wallace served as vice president at Colliers International for 10 years, specializing in multi-discipline disposition / acquisition transactions as well as investment sales. He is a licensed real estate broker and valuation specialist (MAI designee) with over 20 years of commercial real estate experience. He has worked all sides of the commercial property equation, as broker/consultant, owner/developer, and appraiser, and has been involved in over 900 transactions (sales, leases, appraisals).
Wallace’s personal experience with ownership, investment and
development of real estate properties , combined with market knowledge and sales experience provides for a very unique and valuable skill package for the partners and clients of LRP. Mike began remodeling homes to turn a profit in the late 1980's, and has expanded his endeavors to include shopping centers, mini-storage development, retail / industrial investments, childcare facilities and multi-family construction. His direct ownership and management of projects gives him exposure to the possible upsides and pitfalls of real estate as an investment. He also brings over 12 years of sales and marketing experience to the table, servicing business and investor requirements for purchase, sale and lease of real property.
Wallace spent the first part of his career as a commercial appraiser,
working all of the major Texas markets to include Houston, Dallas,
San Antonio, El Paso, and Austin. In 1992, he earned the MAI
designation and formed his own company, Professional Real Estate
Services, Inc (PRES, Inc). Wallace’s skills are further endorsed by
his designation as CCIM (Certified Commercial Investment Member)
in 1997. Both designations add value to development, investment or marketing projects, by bringing advisory and consulting skills to the process.
Education and Professional
A native of Orange, Texas, Wallace holds a Master's degree in Real Estate (1986), and an undergraduate degree in Economics (1984), both from Texas A&M University. Wallace is an active member of the Gulf Coast CCIM Chapter (CCIM Designee 1997), the Appraisal Institute (MAI Designee 1992), the Vistage Small Business Leadership Program and the Society of Texas A&M Real Estate Professionals (STAMREP).
Career History
- Henry S. Miller Company - El Paso, TX (Broker Assistant 1985)
- Noble, Glen & Associates - San Antonio, TX (Appraiser 1986)
- Albert Allen & Associates - Houston, TX (Appraiser 1987-1989)
- Scott Stephens & Associates - Houston TX (Appraiser 1990-1992)
- PRES, Inc. - Houston, TX (Principal & Owner - Appraisal & Brokerage 1992-1997)
- NAI Partners Commercial - Houston, TX (Commercial Broker 1997)
- Colliers International - Houston, TX (Commercial Broker 1998-2008)
- Longevity Realty Partners - Houston, TX (Formed 2008)
Personal and Community
Wallace and his wife, Angela have two sons, Michael Jr. and Cameron Robert and reside in southwest Houston. Angela is an executive with ExxonMobil (23 years) where she manages a global IT (information technology) team. Mike serves on the Board of Directors of Avance, Inc., Houston, a non-profit educational organization that serves underprivileged families and children throughout Texas. The Wallaces are members at Bellaire United Methodist Church and active in Westbury Little League where their boys spend lots of time. Mike also recruits high school students for the Texas A&M Corps of Cadets.
L. Michael Wallace
