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Is A Major Shift Afoot in Property Management?

IRVINE, CA—Ownership groups are transitioning property-management functions in-house during this last cycle, which could change the makeup of the management landscape, CapRock Partners' Nicholas Ilagan tells GlobeSt.com EXCLUSIVELY.

By Carrie Rossenfeld | Updated on October 28, 2016
Nicholas Ilagan Ilagan: “I think you will begin to see a shift from amenities to convenience—closer to public transportation, free surface parking, things like this.”

IRVINE, CA—Ownership groups have been transitioning property-management functions in-house during this last cycle, which could change the makeup of the management landscape, CapRock Partners‘ Nicholas Ilagan tells GlobeSt.com. Ilagan recently joined the firm as regional property manager; he began work with CapRock as a strategic consultant in 2015 and, during his tenure, developed a best-in-class property-management system for the firm. We spoke with him exclusively about his new role and trends he is noticing in property and asset management.

GlobeSt.com: What are your goals in your new role with CapRock?

Ilagan: First and foremost, I will be focused on seeing our business plans through on our existing assets. We have some great opportunities with some exciting assets and lots of moving parts right now, and being able to execute on what has already been set in motion will be key. In conjunction with that and with the upward growth of the company, I am excited at the opportunity to continue to build upon the operational foundation to really set the company up for success.

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