Search
 

The Reason Investors Like Santa Ana

SANTA ANA, CA—Within the surrounding areas of Santa Ana, there are close to 700,000 jobs, making it an ideal place for apartment investors to focus their acquisitions, Decron’s Daniel Nagel tells GlobeSt.com in this EXCLUSIVE look at Adagio.

Daniel Nagel Nagel: “Our value proposition to our renters is a fully renovated luxury apartment $500 less than the brand new apartment building across the street. It’s a very compelling sell, yet very few real estate owners in the area are taking advantage of this gap.”

SANTA ANA, CA—Within the surrounding areas of Santa Ana, CA, there are close to 700,000 jobs, making it an ideal place for apartment investors to focus their acquisitions, Decron Properties Corp.’s VP of acquisitions and finance Daniel Nagel tells GlobeSt.com. As we recently reported, the firm has acquired Adagio at South Coast, a 349-unit multifamily apartment community here, for $96 million. from Prime Residential. Over the last 12 months, Decron has acquired 1,190 units in transactions totaling approximately $334 million. We spoke exclusively with Nagel about Adagio and why his firm likes the Santa Ana apartment market.

GlobeSt.com: How would you characterize the Santa Ana multifamily market?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.