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Decron to Commemorate Opening of Playa del Oro’s Second Phase

Decron to Commemorate Opening of Playa del Oro’s Second Phase

New addition will complement 405-unit community built in 2009

PLAYA DEL REY, Calif. – May 28, 2015 – Playa del Oro, Decron Properties’ newest premier, luxury apartment community located in Playa del Rey, will host a Summer “Kick-off” open-house party on May 30th, offering sneak previews and tours of its second phase, which will open this June.

 The 260-unit phase will enhance the existing 405 apartment homes located at the gateway to Playa del Rey’s “Silicon Beach”; the Silicon Valley of the south. Playa del Oro’s open-house party (10 a.m. to 6 p.m.) will feature food trucks, live entertainment and tours of new apartments. In addition, AMP Radio will broadcast live on site and join Decron Properties in giving away a pair of Apple Watches that will highlight a slew of raffle prizes.

 “Playa del Oro represents luxury living in a neighborhood that is on the cutting edge of technology,” said David Nagel, chief executive officer of Decron Properties. “With a host of technology giants opening and expanding offices in Silicon Beach, Playa del Oro’s first phase enjoyed a tremendous amount of success; we can’t wait to unveil this second phase.”

 Decron will start moving residents into Playa del Oro, which has been dubbed the “Gateway to Silicon Beach” because of its proximity to the region, in June.  “Silicon Beach” is home to regional offices for Facebook, YouTube and Microsoft, with Google and Yahoo on the way.

 As part of the second phase, Decron added a number of new lifestyle-enhancing amenities to Playa del Oro, including a sky lounge, Fitness on Demand, Video Game Lounge, and Resident Café. The lush courtyard features outdoor living areas, social BBQ and eating areas, flowing fountains, all aligned with meticulous landscaping.

 Playa del Oro’s second phase, located at 7270 W. Manchester Ave., is part of a recent growth boom in one of the few undeveloped portions of Los Angeles. Residents will enjoy easy access to restaurants, coffee shops and retail stores at The Shops at Playa del Oro. Included among the 10 retail outlets are LA Fitness, Coffee Bean, Beach Pizza, San Sai Grill, Yogolicious and Bowlmor.

 The controlled-access community includes gated garage parking, guest parking, an electric car-charging station, free WiFi in common areas and a dog park. Wide-ranging views of the ocean, mountains and the city surround the area.  In addition, Loyola Marymount University is located within a mile of the property, OTIS College of Art and Design is located adjacent to the community, and Los Angeles International Airport (LAX) is a mere three miles to the south.

 “This is a fantastic location for our residents to live the lifestyles they want to live,” Nagel said. “We believe this addition will create significant value for our portfolio, for our partners and for the neighborhood.”

 Ranging from studio to three-bedroom apartments and Loft homes, Playa del Oro’s resort-style living spaces feature plank flooring in the living room and foyer, quartz countertops, wood cabinetry, and stainless steel appliances. Each apartment home is equipped with a private balcony or oversized patio.

About Decron Properties Corp.

As the real estate investment and development arm of the Nagel Family Trust, Decron has been an active owner and investor in California real estate for over 55 years. With assets in excess of $1.5 billion, the current portfolio includes multifamily apartment buildings, retail centers, and office buildings. Decron operates over 7 million square feet of commercial and residential real estate in more than 50 different projects and communities.

Media Contact:

Peter Jakel

LinnellTaylor Marketing

303-682-3944

peter@linnelltaylor.com

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