Why Investors Are Trading Into Multifamily
LOS ANGELES—Decron Properties has focused on retail and office properties in the past, but this year, the firm is shifting its strategy to increase its exposure to multifamily properties. That includes daily-needs anchored retail. The firm recently sold the Flamingo Maryland Shopping Center, a Target-anchored retail center near the Las Vegas Strip in Las Vegas, NV, for $17.5 million. It’s just one example of the dispositions the firm is set to make this year. To find out more, we sat down with David Nagel, president and CEO of Decron Properties, for an exclusive interview.