Gaia Real Estate acquires Vision Property Management

Gaia Real Estate, a new multi-million dollar investment company and private equity fund, has acquired Vision Group Management, an eight year old company and leading provider of management solutions for individual condominium owners in the metropolitan area. Both companies are based in New York. Vision will serve as in-house manager of multifamily properties and condominium units acquired by Gaia. Vision's responsibilities will include all day-to-day property management aspect of the properties, including rentals, tenant relationship, collections, maintenance and building improvements. At the same time Vision will continue to operate its own profitable condominium management business. Amir Yerushalmi, Vision's president and co-founder, is co-founder and managing partner of Gaia. Ben Friedman, Vision's other co-founder, will be joining Gaia as a partner and has been named CEO of Gaia's new Vision division. Gaia Real Estate was formed in early 2009 by three partners, Yerushalmi, Danny Fishman, and Ken Woolley, formerly CEO of Extra Space Storage.