FOR IMMEDIATE RELEASE

December 31, 2015

Contact: Brent Mann, Vista Private Equity Group, (281) 560-7375, bmann@vistagroupllp.com

VISTA EQUITIES GROUP AND VISTA PRIVATE EQUITY GROUP ARE PLEASED TO ANNOUNCE THE ACQUISITION OF UNIVERSITY COMMONS II

Vista Equities Group and Vista Private Equity Group have announced the acquisition of 12.80 acres of property located on the northwest corner of US Highway 59 and University Boulevard at the main entrance to Newland Communities highly successful master planned community of Telfair in Sugar Land, Texas. The property is adjacent to University Commons, a Vista Equities Group and Vista Private Equity Group acquisition that took place in late 2014. The project, University Commons II, will include a ground-up retail development that will serve the greater Sugar Land community. University Commons II is planned to include national and regional retail tenants, along with small shop tenants. The project will also include pad sites for restaurants available on a build-to-suit or ground leases basis. University Commons II is an estimated $33 million project, with expected construction to start in June of 2017.

 

About Vista Private Equity Group

Founded in 2006, Vista Private Equity Group (www.vistagroupllp.com) is focused on the development of new properties and the acquisition of existing income-producing properties. In addition, it seeks to make investments in private companies within the smaller end of the middle market. Vista’s core investment focus is providing equity capital to support these types of businesses when they face a critical “transition” point – primarily ownership transitions or transformative growth initiatives.

About Vista Equities Group 

Vista Equities Group is part of the Vista Companies, a Houston‐based real estate services group led by longtime developer, Woody Mann. Vista Equities focuses on the development of new properties and the acquisition of existing income‐producing properties. Vista Equities’ sister firm, Vista Management Company, provides leasing and property management services for third party owners and Vista’s own investment partnerships. The senior development and property management team represents more than eighty‐five years of experience in the Texas real estate market. For more information on the Vista Companies, please visit www.vistahouston.com