SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 25, 1997
VISTA PROPERTIES
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(Exact name of registrant as specified in its charter)
CALIFORNIA 0-11890 13-3179078
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
411 West Putnam Avenue, Greenwich, CT 06830
(Address of principal executive offices)
(203) 862-7000
(Registrant's telephone number, including area code)
None
(Former name, or former address, if changed since last report)
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Item 1. Changes in Control of Registrant
On July 25, 1997, Wexford Management LLC ("Wexford"), the administrator
for Presidio Capital Corp. ("Presidio") the parent company of IR Vista Realty
Corp. and IR Acquisitions Corp. the Management and Acquisitions General
Partners, respectively, of Vista Properties (the "Partnership"), received notice
from Presidio Holding Company, LLC, which stated that it is the holder of 63% of
the outstanding Class A common shares of Presidio, that it was seeking to remove
the three current Class A directors and replacing them with Edward Scheetz,
David Hamamoto and David King effective as of 12:00 p.m. on September 2, 1997.
Wexford has not determined whether Presidio Holding Company, LLC hs the right to
seek and obtain removal or replacement of the current Class A directors pursuant
to such notice. If such holder's ownership is confirmed, the other Class A
shareholders will be entitled to certain representation on the Board.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Vista Properties
By: IR VISTA REALTY CORP.
MANAGEMENT GENERAL PARTNER
Dated: August 7, 1997 By: /s/Jay L. Maymudes
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Jay L. Maymudes
Vice President, Secretary,
and Treasurer
(Principal Financial Officer and
Principal Accounting Officer)
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