Real Estate Forum: Forum 100
Hager Pacific Properties
Owner/Investor | Honorable Mention
Company:   Hager Pacific Properties
Address: 1500 Quail Street, Suite 210
City: Newport Beach
State: CA
Zip:   92660
Phone: 9492537920
Fax: 9492537923
Email: karen.priesman@hagerpacific.com
Website: www.hagerpacific.com
Key Executive  
1. Name: David Hager
    Title: Managing Partner
2. Name: Adam Milstein  
    Title: Managing Partners
3. Name: Rober Neal  
    Title: Managing Partner
4. Name:
    Title:
*Number of Offices: 3
*Number of Employees: 15
*Gross Revenues Fiscal Year 2006: 110.0 million
*Projected Revenues Fiscal Year 2007: 125.0 million
Selected Areas of Specialization: Acquisition and repositioning of under-performing, aged or environmentally impacted properties.
Company Overview: As a real estate investment firm, Hager Pacific Properties is guided by a value-added investment philosophy implemented through the acquisition of under-performing, aged or environmentally impacted real estate. Its investments have become more valuable through repositioning, renovation or reuse of the property. The preferred buyer of challenging properties, Hager Pacific Properties self-funds its real estate deals without outside capital or financing. The company’s portfolio consists of more than 100 assets ranging in size from 25,000 to over one million square feet and features a wide variety of product types including office buildings, research and development complexes, apartment buildings, community shopping centers, warehouses and industrial facilities. The total portfolio consists of 12 million square feet and 3,000 apartment units valued at $1.5 billion.
*Total Portfolio Size:
Number of buildings: 92
Square Footage: 11,700,000
Number of Units/Rooms: 3,000
*Total Value of Portfolio: 1.1 billion
Percentage by Property Type:  
Office: 8 %
Industrial: 73 %
Retail: 7 %
Apartments: 12 %
Hotels: %
Other: %
(Please specify)
Percentage by Geographic Area:  
Northeast: 19 %
Southeast: 7 %
Midwest: 13 %
Southwest: 61 %
West: %
International: %
Total Acquisitions in 2006:  
Number of buildings: 23
Square Footage: 3,500,000
Number of Units/Rooms: 734
Total Value of Acquisitions in 2006:   211. million  
Total Dispositions in 2006:  
Number of buildings: 2
Square Footage: 700,000
Number of Units/Rooms: 0
Total Value of Acquisitions in 2006: 591. million