CAPROCK PARTNERS APPOINTS NICHOLAS ILAGAN TO REGIONAL PROPERTY MANAGER
CAPROCK PARTNERS APPOINTS NICHOLAS ILAGAN TO REGIONAL PROPERTY MANAGER, SETTING STAGE FOR CONTINUED ACQUISITION AND DEVELOPMENT GROWTH
Former VP Jake Loughridge Departs, Moves to Private Equity Side of the Sector
IRVINE, Calif. (October 10, 2016) — CapRock Partners, a leading private commercial real estate investment firm based in Orange County, California, today announced that commercial real estate veteran Nicholas Ilagan has joined the firm as Regional Property Manager. Ilagan began work with CapRock Partners as a strategic consultant in 2015 and, during his tenure, developed a best-in-class property management system for the firm.
“As we continue CapRock Partners’ strategic growth into new geographies and set the stage for more aggressive acquisition and development, Nicholas’ property and asset management expertise will prove invaluable,” says Jon Pharris, the firm’s co-founder and president.
Prior to founding his commercial real estate consultancy – where he served clients including CapRock, New York Life, Olen and The Irvine Company – Ilagan served as National Director and Product Council Chair for the Property and Asset Management Division of Sperry Van Ness International. His impressive career also includes tenures in asset management and operations roles for the Automobile Club of Southern
California and CT Realty Investors.
As Regional Property Manager, Ilagan will continue to build the internal property management platform that he established in his strategic consulting role. He also will manage all of CapRock Partners’ owned assets, in addition to implementing business strategies for each investment. In this move, Ilagan assumes the role previously held by Jake Loughridge, who departs the firm to join private equity investment firm Belay Investment Group in Los Angeles, where he will invest capital in strategic real estate joint ventures.
“Since he joined us in 2012, Jake has helped CapRock Partners grow into one of the premier private industrial owners and developers in Southern California,” says company Co-Founder and CEO, Patrick Daniels. “We wish Jake continued success in his new endeavor and thank him for his four years of dedicated service to our firm.”
About CapRock Partners
Since its founding in 2009, Irvine, California-based CapRock Partners has become one of the fastest-growing private commercial real estate investment firms in the state with a focus on investing in middle market value-add industrial assets throughout California and developing Class A industrial buildings in Southern California. The firm has a pipeline of more than 6,000,000 square feet of Class A industrial development, including more than 1,000,000 square feet completed in 2015 and more than 2,000,000 square feet slated for construction in 2017,with a pipeline and assets totaling more than $750 million at completion.
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