David Hager Los Angeles Plumbing launches $20M infrastructure modernization fund, acquires 150,000 sq ft of commercial properties, and introduces new compliance framework to transform commercial plumbing services in Southern California.
Los angeles, CA, United States, 14th Dec 2024 – David Hager Los Angeles Plumbing, a leading provider of commercial and residential plumbing services in Southern California, today announced the establishment of a $20 million dedicated fund aimed at modernizing plumbing infrastructure in Los Angeles commercial properties, alongside significant strategic acquisitions and policy initiatives. The company has also acquired three commercial properties in downtown Los Angeles, totaling 150,000 square feet, to establish regional service hubs and training facilities.
“This comprehensive growth strategy represents a pivotal moment in our company’s evolution,” said David Hager, CEO of David Hager Los Angeles Plumbing. “By combining strategic property acquisitions with our infrastructure fund and new policy framework, we’re positioning ourselves as an integrated solutions provider in the commercial real estate sector.”
The Infrastructure Modernization Fund will provide commercial property owners with access to advanced plumbing technologies and financing options, supported by a newly established financing partnership with Western Pacific Bank. The program, launching in January 2025, includes flexible financing terms ranging from 24 to 84 months, with competitive interest rates for qualified properties.
In a significant policy development, the company has introduced its “Commercial Property Compliance Framework 2025,” a comprehensive set of guidelines aligning with California’s latest water conservation regulations and ESG requirements. This framework includes:
- Mandatory water usage audits for properties over 50,000 square feet
- Implementation of smart monitoring systems for all serviced properties
- Quarterly compliance reporting and certification
- Green building standards integration
The corporate strategy encompasses three key initiatives:
- Strategic property acquisitions in key Los Angeles markets
- Development of regional service hubs through owned facilities
- Formation of a Commercial Property Solutions division
Sarah Martinez, Chief Financial Officer at David Hager Los Angeles Plumbing, detailed the financing structure: “We’ve secured $50 million in total capital commitments, including the $20 million modernization fund, $15 million for property acquisitions, and $15 million for operational expansion. This financing package, supported by a consortium of regional banks, positions us for sustained growth in the commercial sector.”
Recent acquisitions include:
- 50,000 sq ft facility in Downtown LA for $12.5M
- 60,000 sq ft property in Burbank for $15.2M
- 40,000 sq ft service center in Glendale for $10.8M
The company (http://davidhagerlosangeles.org/) has also announced a new corporate governance structure to oversee these expanded operations, including the appointment of a Chief Strategy Officer and Chief Compliance Officer. This leadership expansion supports the company’s growing presence in commercial real estate and infrastructure development.
“Our integrated approach to commercial real estate, combining property ownership, service delivery, and infrastructure financing, sets a new standard in the industry,” added Hager. “This model allows us to better serve our clients while building long-term value for our stakeholders.
Media Contact
Organization: David Hager Los Angeles Plumbing
Contact Person: David Hager
Website: https://davidhagerlosangeles.net/
Email: Send Email
Contact Number: +18088834839
Address: 957 S Windsor Blvd
City: Los angeles
State: CA
Country: United States
Release Id: 14122421382
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