stages,” he remarks. Tony and David were influential in sharing what underwriting a property was like and how the acquisition process was like. BUILDING WHILE LEARNING While Burgos was gaining professional experience, he and his brother began acquiring properties independently, starting with smaller two and three unit buildings, and expanding over time to six and eight unit properties. “As I’m working these long hours, we’re also buying buildings on the side,” he recounts. “After our nine to five we would put sweat equity into these properties. It was a lot of 15, 19 hour days. It’s had its challenges, for sure. Everything you do, at the end of the day, is a lot of work. It just depends how willing you are to put in that time and effort.” In 2020 Burgos separated from PRDC Properties due to COVID. He briefly transitioned into a role with a private company, overseeing operations for multiple furniture stores, commercial properties, and warehouses. In that position, he managed maintenance, supervised more than 40 employees, and helped deliver a 100,000 square foot warehouse project. He also oversaw the renovation and leasing of a 60 store shopping center. “At a very young age, I was blessed to have people around me that believed in me and that trusted me,” he acknowledges. All of this laid the groundwork for the official launch of Burg Properties. CURRENT PROJECTS AND FOCUS Today, the company is developing projects across Philadelphia.Among its current initiatives is a 15 unit ground up multifamily development in Germantown, which the firm expects to deliver within 10 to 12 months. The company has also recently completed a nine unit renovation in the Mantua area of West Philadelphia. With a mix of others also under construction. “That was an old property. It used to be a boarding house, and we renovated it completely and turned it into one and two bedroom apartments for rent,” 26 BUSINESS VIEW MAGAZINE VOLUME 13, ISSUE 01 BURG PROPERTIES
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