WVCBA recently welcomed Investec Real Estate Companies as a new member! Investec is on a mission to identify, cultivate and develop outstanding real estate opportunities for its investors. One of its current projects is the Central Plaza redevelopment in Camarillo at the northeast corner of Arneill Road & Ponderosa Drive.
How and when did the business get started?
Investec was founded in 1983 in Santa Barbara, California, by Kenneth P. Slaught. After five years as a partner at MKS Companies, where he was responsible for acquisitions and management of its real estate portfolio, he left to start his own business. His goal was to offer consolidated services, share risk and establish a reputation for trust and long-term reliability with real estate investors and owners. The investment community responded with enthusiasm.
Today, Investec is a leader in its field, continuing to grow and increasing its broad spectrum of real estate and investment opportunities. This diversification has proven to be a successful strategy, enabling Investec to consistently increase its commercial property and land acquisitions. Since its inception, Investec has handled transactions in excess of $1.5 billion.
Having thrived in one of the nation’s most competitive real estate markets for more than three decades, Investec has proven to be an innovative and capable leader. By building on experience that has led to an enviable performance record, and by anticipating the nuances and opportunities that lay ahead, Investec remains ideally positioned for continued excellence in this dynamic and challenging industry.
What is the company's mission or motto?
Investec’s mission is to identify, cultivate and develop outstanding real estate opportunities for our investors. We seek to provide exceptional asset and property management services and to maximize investor returns while minimizing exposure to risk.
We are committed to achieving our mission through innovative research methods, strong community and industry ties, and by employing professionals with a depth of experience and knowledge that benefits our clients. Investec is dedicated to providing premium customer service and a commitment to integrity that is at the core of all our services.
What’s one thing the business is known for over its competitors?
A cornerstone of Investec’s success has been the trust built over the years with the Santa Barbara and Central Coast communities. This trust has grown from Investec’s 35 plus years’ history of working with local government and civic leaders to develop and manage properties in a manner that supports the greater goals of the community.
This trust has also evolved from Investec’s genuine spirit of giving. Since its founding in 1983, Investec and its principals have been actively involved with numerous nonprofit organizations to the betterment of the Santa Barbara and Central Coast communities.
Investec and its employees annually support various charities, local sports teams and schools. The organizations we support include: Storyteller Children’s Center “Adopt a Family”, Dream Foundation, Santa Barbara Food Bank, Direct Relief International, Foresters Hugs for Cubs, Hospice of Santa Barbara, CACA, The Land Trust for Santa Barbara County and many other nonprofit organizations and charities throughout the Central Coast.
Are there any new projects you can tell us about?
Originally developed in the early 1970s, the Central Plaza shopping center (in Camarillo) is due for a remodel. With the loss of Kmart, we see this as an opportunity to reinvigorate the center to better serve the community. Briefly, the 16-acre project site is proposed to be redeveloped with approximately 180,636 square feet (SF) of commercial building area, which is approximately 38,000 SF less than that which exists now. Vons will relocate to a new, larger, state-of-the-art market in place of the old Kmart. CVS will remain as is and new tenant(s) will be found for the existing Vons market.
The corner of Arneill Rd. & Ponderosa Dr. would be redeveloped with additional restaurants and shops with enhanced outdoor seating areas, public art, and a central water feature. In addition, a new gas station/mini-mart and drive through restaurant will be installed within the parking lot area. Additional landscaping will be added throughout the shopping center, including within the parking lots. The façades of existing buildings to be retained will be remodeled to match the architecture of the new buildings. The project site is anticipated to be redeveloped in phases to minimize disruptions to existing businesses and adjacent residential areas. Each phase will include the related parking/landscape/hardscape improvements. Noise-generating construction activity will be limited to Mon-Sat (7am-7pm) and will not occur on City holidays. The phased project construction is anticipated to occur over a two- to three-year period.
How can the community help?
Show public support for this redevelopment.
What else do you want the community to know?
Investec’s sincere commitment to developing and managing properties that complement community standards is exemplified in our dedication to Green Development principles. Green Development employs sound environmental practices in the design, construction and renovation of our properties. Such efforts encompass the use of solar power and recycling technologies not only in our completed developments and operations, but during construction as well.
Examples of Green Development recycling principles during construction and renovation include collecting scrap lumber for reuse as mulch and crushing concrete for future use as road base. Scrap drywall is routinely recycled and used as gypsum soil amendment. The community at large appreciates Investec’s innovative environmental strategies. Investec has been recognized with the WRAP Award from California’s Integrated Waste Management Board and the Green Award from the Consortium of Santa Barbara County.
In addition to benefiting the environment, Investec’s commitment to Green Development has resulted in extensive cost savings because the company’s recycling practices eliminate the need to pay costly landfill fees for difficult to dispose of materials such as concrete and lumber. Investec’s commitment to Green Development principles is ongoing and will remain constant throughout the company’s future development and operational plans.
Leasing & Acquisitions Associate