President & CEO of Moonwater Capital, Ofir Hagay has over 25 years of experience in real estate development, international business, executive management, and business consulting. Throughout his career, Mr. Hagay has been an entrepreneur and visionary in the real estate industry. With significant project management experience in the construction and real estate business, Mr. Hagay has a proven track record of success.
He has won the Israeli Trade Award for significant contribution to the Israeli Economy.
A world traveler, Mr. Hagay has lived and operated businesses in Israel, Africa, Central Europe and currently in the United States and Eastern Europe.
He has successfully founded numerous companies and developed many partnerships in his real estate career. Mr. Hagay was one of the principals involved in some of the most successful condominium conversions in Las Vegas and Henderson.
In 2004, Mr. Hagay was one of the principals involved in the highly successful 400+units condominium conversion of Park 1 at SummerlinGate, Las Vegas, as well as the conversion 320 units, Avalon at Seven Hills, Henderson.
Park 1 was purchased with $9 million in owner’s equity and a $39.5 million loan from Corus Bank. Gross proceeds at sell out exceeded $88 million. The successful rate of sales at Park 1 resulted in the payoff in full of the acquisition loan in just 15 months. The overall project achieved a 25% internal rate of return for the partners.
His current investments include Rainbow Sunset Pavilion, Red Rock Business Center, The Gramercy, and The Lennox.
The commercial real estate industry has honored Mr. Hagay’s excellence in office building operations & management with the most prestigious recognition for Outstanding Building of the Year (TOBY) Awards twice.
Mr. Hagay’s other business endeavors include partnering and consulting in many different industries with well-known companies and partners/clients that include John Deere, USAID, Seaboard Corporation, Volvo Trucks and Bosch. His many years of international business experience included the ownership and management of office buildings in Bulgaria where he successfully leased the buildings to Price Waterhouse Coopers and to the Embassy of the European Union to Bulgaria for ten years.
Email: [email protected]
Title: Founder & CEO
9275 West Russell Road
Las Vegas NV 89148