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Decron's origins begin in the 1950s when Jack M. Nagel first arrived in Southern California. A Polish-born immigrant and Holocaust survivor, Jack arrived in America, first to New York and then eventually onto Los Angeles, with no more than the shirt on his back.

Nagel Construction Presented with Award from Department Water and Power, Northridge, CA, circa 1970

Sensing opportunity in Southern California's rapid growth and determined to succeed in his new home country, Jack began building single family homes for US Army veterans. With time and tremendous determination, his business grew and prospered. The company went on to build thousands of homes in Los Angeles, Orange and Ventura counties. Eventually, the business transitioned to include multifamily residential apartments. Jack focused on West Hollywood and other budding areas of Los Angeles. In the 1980s, while he continued to develop income properties, he expanded into retail and office properties. Not content to merely work as a developer, Jack operated all of his completed projects together with his son, David, who joined him in 1981 following his graduation from New York University. The business continued to grow following David's completion of an MBA from the University of Southern California and his gradual rise in the company after serving in its construction and property management divisions.

In 1988, David was appointed President of Decron Properties Corp. His responsibilities quickly increased to oversee all aspects of their real estate business. Decron expanded its portfolio of investments through more than twenty acquisitions, purchasing multifamily apartments, retail centers, and office buildings. The company also continued its legacy of construction with major development projects throughout Southern California. The overwhelming majority of residential and retail projects developed in the 1970s and 1980s are still owned and managed by Decron.

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Nagel Construction, on the rooftop Villa Francisca, West Hollywood, CA, 1983

Today, Decron Properties Corp. is a diversified real estate company specializing in the acquisition, development, and management of multifamily apartment buildings, commercial shopping centers, and office buildings. It manages more than 6,700 apartment units with 1.7 million square feet of office and retail space across California. The company has evolved into a $2 billion enterprise with 55 different projects and communities in its portfolio, all of which are owned by Decron affiliates.

David Nagel, President and CEO, on the development site of Playa del Oro West, a 260 unit and 5,000 square feet of retail mixed use project in Playa del Rey, opening in Fall 2014.

David J. Nagel, Chief Executive Officer and President, continues to lead the company today. Our senior management team brings more than 150 years of combined real estate experience, including our still active chairman and founder, Jack M. Nagel.

With its corporate office in Los Angeles, Decron Properties remains true to its origins. We began and we remain, first and foremost, builders. Even though our business continues to evolve, the role of "builder" is still an apt metaphor for our vision and culture. Builders create and maintain a legacy that endures and appreciates over time. Builders are all about enhancing and adding value. From ground up development to value-add/rehab to asset repositioning, our investment and business strategy is deeply anchored in value creation.

At Decron Properties, we take ownership of, responsibility for, and pride in all our projects. This approach allows us to create lasting value for our residents, tenants, employees, and investors. Our company experienced a storied first 55 years. We look forward to continued growth and success in the decades to come.

News

Decron Properties Acquires 349-Unit Adagio at South Coast Apartment Community for $96 Million  |  August 2, 2016
Decron Properties acquired Adagio at South Coast, a 349-unit multifamily apartment community in Santa Ana, CA for $96 million. The property was sold by Prime Residential. Read More

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