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California  + San Diego  + Apartments  | 

Vista Enters San Diego Market with $19M MF Acquisition

Vista Investment Group acquired Mesa Palms, an 80-unit apartment community in La Mesa, CA for $18.97 million. The transaction marks the Los Angeles-based real estate investment firm’s entry into the San Diego market.

The 92.5%-occupied multifamily community is located at 4300 Echo Court. The seller was a private family investor that owned the property for more than 40 years.

The garden-style apartment complex consists of 20 four-plex buildings with spacious two- and three-bedroom units. Vista will implement a multimillion dollar capital improvement program, that will begin with upgrading the buildings’ exteriors and grounds, as well as the interior renovation of vacant units.

HFF’s Hunter Combs led the team that marketed the asset, and represented both parties in the transaction. HFF’s debt placement team also secured acquisition financing on Vista’s behalf.

For comments, questions or concerns, please contact Dennis Kaiser


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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