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3/15/17
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Vista Investment Group LLC (VIG) has relocated to its new corporate headquarters in Santa Monica, following the firm’s completion of a multimillion-dollar renovation of the 9k sf building. Vista acquired the property, located at 2114 Pico Blvd, one-and-a-half years ago for $4.4 mil to accommodate the current and future growth of the privately held real estate investment firm, which has grown from $8 mil in assets when the company was launched in 2008 to more than $350 mil today.
Over the past 24 months, VIG has expanded its Southern California footprint to include value-add and opportunistic middle-market investments in urban infill areas throughout California. The firm’s portfolio currently includes 1,200 multifamily units and 400k sf of commercial office space in Los Angeles, Silicon Valley and San Diego.
“In 2017 we plan to increase our investment activity by continuing to identify demographically changing, supply constrained markets whose potential has not yet been recognized by the general market,” said VIG President Jonathan Barach. “Since we are not reliant on outside capital, we have been able to respond to and close quickly on opportunities as they present themselves. The company has already completed repositioning projects in a number of emerging neighborhoods, such as Echo Park, MacArthur Park and Baldwin Hills.
To help manage the firm’s growing portfolio, Nati Soffer has been hired by the firm as Director of Portfolio Management and Commercial Asset Management. Soffer, who brings to VIG more than 15 years of related experience, is charged with maximizing over-all performance of company’s growing real estate portfolio. Soffer comes to VIG from CIM Group where he oversaw the performance of CIM’s diversified $16 bil property portfolio.
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