DAVID NAGEL

Chief Executive and President Decron Properties Corp.

2022-06-20T07:00:00.0000000Z

2022-06-20T07:00:00.0000000Z

LABJ

https://labusinessjournal.pressreader.com/article/300630539253002

REAL ESTATE | 2022 LA500

In his role as chief executive, Nagel oversees Decron’s daily activities. Decron’s portfolio now has 10 buildings worth roughly $200 million. The company also owns and operates more than 55 communities and has $3.5 billion worth of assets under management. Nagel moved the company’s portfolio away from being 50% retail and 50% multifamily to 85% multifamily. Today the portfolio has 9,100 multifamily units. Nagel, who has been increasing the firm’s efforts outside of California, has an MBA from USC and a bachelor’s degree from New York University. Nagel’s father is Holocaust survivor Jack Nagel. He founded Nagel Construction Co. in 1952, which eventually became Decron Properties and is still family owned.

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