Vista Investment Relocates HQ, Adds New Hire
- Mar 17, 2017
Los Angeles—Vista Investment Group LLC (VIG) has relocated to its new corporate headquarters to 2114 Pico Blvd. in Los Angeles.
The company currently occupies approximately 2,000 square feet on the second floor of the two-story, 9,000-square-foot building, which is located off Interstate 10. The firm plans to expand to 3,000 square feet by the end of the year, according to VIG’s President Jonathan Barach. The remainder of the building is fully leased to a variety of entertainment businesses.
The firm completed a multimillion dollar renovation of the building, which it had acquired one and a half years ago for $4.4 million to accommodate the company’s continuous growth. Over the past 24 months, VIG has expanded its SoCal footprint with a portfolio of 1,200 multifamily units and 400,000 square feet of commercial office space in Los Angeles, Silicon Valley and San Diego.
Barach mentioned that, since the company does not rely on outside capital, it can make the most of value-add and opportunistic middle-market investments in urban infill areas as they present themselves. “As a result, we have done well by being ahead of the market from an investment standpoint and then repositioning the assets to meet the future demands of emerging neighborhoods such as Echo Park, MacArthur Park and Baldwin Hills,” said Barach in a prepared statement.
Nati Soffer, VIG’s new hire, will support the company’s portfolio growth and he will be responsible for maximizing its overall performance. Soffer has joined the firm as director of portfolio management and commercial asset management, bringing more than 15 years of related experience. Soffer transitions from CIM Group where he oversaw the performance of CIM’s diversified $16 billion property portfolio. Prior to that, he served as senior real estate analyst at Macerich, an owner and developer of regional malls throughout the nation.
Images courtesy of Vista Investment Group