who we are
We interact with transparency and clarity.
We enthusiastically pursue exceptional performance.
We conduct ourselves with integrity, empathy, and trust.
We are inextricably linked, working as a team to achieve our goals.
We deliver on our commitments and take responsibility for our actions.
HOW IT STARTED
ARTHUR N. K. GREENBLATT
Vice President &
Vice President of
Kristine Bidmead | Vice President & Corporate Controller
Kristine joined Vesta in 2000 as a member of Vesta’s property accounting team before eventually joining the corporate accounting team. She is now responsible for financial reporting, tax reporting, cash management, and the budgeting and forecasting of Vesta Corporation and its affiliates.
Prior to joining Vesta, Kristine worked for McGladrey & Pullen, LLC and received her Certified Public Accountant designation.
Kristine is a graduate of Salve Regina University with a B.S. in Business Administration, Accounting and Finance.
Andrew Lund | Vice President of Property Management
Andy brings over 15 years of property management experience to Vesta. His role has him overseeing all of Vesta’s properties. Andy has worked with market rate, affordable and tax credit housing, as well as managed acquisition rehabs and lease-up properties. His deep knowledge of practice, budgeting and forecasting are great additions to the team.
Prior to joining Vesta, Andy was with WinnResidential for 14 years, most recently as Divisional Vice President, where he was responsible for a diverse portfolio of the company’s owned and managed properties in the Northeast and MidAtlantic. Andy has been a member of the Connecticut Apartment Association (CTAA) for many years as a board member and President. He currently is a Lifetime Director for the CTAA. He has received industry accolades from CTAA and NAA for excellence in leasing, site, and regional management execution.
Andy is a Certified Apartment Portfolio Specialist through the National Apartment Association (NAA). He also is a Specialist in Credit Housing Management through the National Affordable Housing Management Association (NAHMA) and is a Certified Credit Compliance Professional (C3P) through Spectrum Companies. He earned a B.S. in Business Management from Keene State.
Aaron Greenblatt | Counsel
Prior to his start as Counsel at Vesta in 2017, Aaron practiced at a major Connecticut law firm representing lenders and borrowers, including Vesta, in various commercial transactions. He has extensive experience in representing companies in acquisition and construction financing, bond and tax credit transactions, and traditional mortgage financing.
Aaron utilizes his diverse legal background in all aspects of Vesta’s business. He is an advisor to Vesta on contract formation, operation and interpretation, and oversees other legal matters, including providing guidance on the legal effects of purchases, sales, refinances, capital transactions, and dispositions of Vesta’s various properties and partnership interests.
Aaron graduated cum laude from Tufts University and has a J.D. from Brooklyn Law School.
Josh Greenblatt joined Vesta in 1998. He has wide-ranging experience in all facets of the business, including finance, acquisitions, dispositions, development, corporate oversight, property management, and construction. He currently leads Vesta’s property acquisitions team, overseeing each step of the process from deal identification and initial due diligence to negotiating with sellers and funding sources.
In 2018, he co-founded Choice Housing Investments, Vesta’s strategic capital partner, which he continues to head today. Josh currently serves on the board of the National Housing & Rehabilitation Association.
Josh holds an M.B.A. from the University of Connecticut School of Business and a B.A. from Goucher College.
Arthur N. K. Greenblatt | President
As co-founder, President and CEO of Vesta Corporation. Arthur draws upon more than 40 years of affordable multifamily housing industry experience to make strategic decisions impacting the growth and longevity of the organization. As a leader of the organization, Arthur holds himself to, and expects of every Vesta team member, the embracement and embodiment of Vesta’s vision and core values. Before starting Vesta from the ground up, Arthur practiced real estate law and was the first General Counsel of the Connecticut Housing Finance Authority. In his tenure at CHFA, Arthur helped to create the Uninsured Multifamily Mortgage Program and was responsible for devising creative workouts for troubled projects.
Arthur is a trusted advisor to cities, housing authorities, and partners across the country. He has a great deal of experience working with a broad range of debt and equity sources including tax-exempt bonds, conventional and FHA mortgage programs, and Low Income Housing Tax Credits. Arthur provides great strength in problem-solving and thrives off the challenge of financing a transaction.
Under his leadership, Vesta has become a sought-after partner in the industry. Arthur has a J.D. from the University of Connecticut, School of Law, and a B.S. from American International College.
1987 | Services expanded to include Property Management of owned affordable housing communities.
2011 | Clarity of the Vesta Vision emerges.
2013 | Moved into a new corporate office with over 200 employees company wide.
2016 | Steve Erie retires from Vesta. Congratulations, Steve!
2017 | In 2011, Vesta sets its first Big Hairy Aggressive Goal to grow to 8,000 units, doubling in size, by year end 2016. Vesta celebrated this exciting achievement!
2020 | Completed the redevelopment of Park Yellowstone, on time, during the pandemic. Vesta moved to a remote working environment due to the COVID-19 crisis. Not only did Vesta avoid layoffs during the pandemic, but actually grew by adding more staff.
2021 | On the heels of Vesta’s success in 2017, Vesta sets yet another goal to continue growth to 10,000 units – called 10-in-20.
Vesta celebrates the on-time completion of Park Yellowstone redevelopment in Houston, TX during the early months of the COVID-19 pandemic.
Fannie Mae First Mortgage utilizing MTEB
CDBG-DR loan from City of Houston
Park Yellowstone is a 210-unit multifamily property in Houston, Texas. Vesta acquired the property in 2016 in order to preserve this essential housing for the current residents due to significant growth and investment in the area. 100% of the units at Park Yellowstone are restricted to residents earning 60% or less of the Area Median Income (AMI). 30% of the units are occupied by residents with incomes of 50% of AMI or less.
Vesta came up with a plan that included a complete renovation of all 210 apartments and townhomes. A portion of the units were transformed into ADA compliant homes. The rest of the apartments received new kitchen cabinets, counters and appliances, bathroom vanities and lighting, new flooring, and new light fixtures.
Community enhancements included a renovated leasing center, new swimming pool, new gazebo, enhanced lighting, and installation of a state-of-the-art security camera system. The community also has an on-site daycare center, as well as case management services and resident activities on-site provided by Star of Hope Mission. The nature of these upgrades involved residents to be displaced from their units in order to safely rehabilitate each unit. A Learning Center and new fitness area were added as well. The buildings themselves received new roofs and entry doors while some units had foundation repairs done. Damaged sewer lines were repaired or replaced, and air conditioning condenser units were replaced as needed.
The renovations ensured Park Yellowstone will remain a vital provider of affordable housing in the greater Houston area. The changes to the community made it possible for residents to once again be proud of their homes. Park Yellowstone was awarded the Texas Apartment Association’s Affordable Housing Award for creative and innovative initiative in affordable housing.