President & CEO
David J. Nagel serves as President & Chief Executive Officer of Decron Properties Corp. Under his leadership, Decron Properties grew from managing 10 buildings with a $200 million valuation in 1988 into a $4.5 billion enterprise with 54 real estate projects including 50 multifamily apartment communities. This stunning growth makes Decron one of the largest and most respected, privately-owned real estate firms in California. The portfolio includes approximately 10,000 apartment units and 1.0 million square feet of office and retail centers. The entire portfolio reflects more than 9 million square feet of improvements, most of which are located in major job center markets along the West Coast from Southern California to the Pacific Northwest. Decron ‘s portfolio has recently expanded beyond the coast by acquiring over $800 million of multifamily assets in the Phoenix submarket in 2021-2022, now making Arizona a major focus of the firm with an eye towards expanding further into Salt Lake City, Utah and Austin, Texas.
David’s leadership within the firm provides expertise in both ground-up and value-add development. His active and intimate familiarity with finance, asset management, property management and construction management help imbue the firm and its employees with the expertise, professionalism, and successful track record that allows the company to compete in various types of real estate deals and asset classes, whether it be in Core, Core Plus, Value Add or Ground Up Development.
As head of a family owned and operated business, David considers each employee a member of the family and expects each to exemplify Decron’s Core Values: Integrity, Teamwork, Empathy, Pride, Accountability and Continuous Improvement.
David earned his MBA in Real Estate Finance from the University of Southern California’s (USC) Marshal School of Business and his bachelor’s degree from New York University’s (NYU) Stern School of Business. He holds various accreditations including being a California licensed General Contractor, a member of the Apartment Owner’s Association (AOA), the Building Owner’s Management Association (BOMA), the International Council of Shopping Centers (ICSC) and the Urban Land Institute (ULI).
David is married, with three children, and resides in Los Angeles, California. He has made philanthropy a big part of his everyday life while serving as Chairman of the Board of Yeshiva University High School of Los Angeles (YULA). David serves on several other non-profit boards including The Simon Wiesenthal Center, the Jewish Federation of Greater Los Angeles and the USC Lusk Center for Real Estate. He is known to contribute more than 100 hours per year to non-profit service.