Acquisitions & Development

The Key to Creating Homes

DEVELOPING SUCCESSFUL COMMUNITIES

Vesta finds success in acquiring and developing multifamily and senior housing as a result of its commitment to underserved areas and Vesta’s ability to create lasting communities. They believe strategic investment in real estate and people, paired with sound management, yields productive communities. Vesta, together with its partners and stakeholders, creates highly sought-after, desirable, quality apartment homes for residents.

Vesta built its reputation as a highly valued partner in developing and preserving affordable housing by ensuring they deliver on their promises from the start.

Vesta has experience in the first time use of affordable housing programs. In multiple cases, they paved the way for unique deal structures in order to overcome acquisition and development challenges. Vesta is fundamentally designed to manage the acquisition, finance, development, and preservation of a wide range of multi-family opportunities. Vesta’s development experience includes mixed income; market rate; subsidized; senior housing; student housing; workforce housing; impact investment; adaptive reuse; rehabilitation/redevelopment; historic preservation; value add; and new construction.

REDEVELOPMENT

Redeveloping a community adds value to the asset and allows residents to stay in their homes and avoid displacement. Vesta identifies assets in need, both within their current portfolio or as a new acquisition, and partners with local communities, agencies, and residents to transform the property. Vesta’s expertise and proven track record of success, in conjunction with highly skilled partners, including designers, architects and contractors, has led to the redevelopment of more than 20,000 apartment homes.

STORIES:
Park Yellowstone

HISTORIC REDEVELOPMENT

Vesta has experience in navigating the complexities of historic redevelopments and sustaining the historical structure and characteristics that make them unique. Vesta believes the key to any historic redevelopment is gathering the right team and working with local community partners to advocate and build support and passion for the project. Meticulous analysis by this team ensures the avenues of preservation, rehabilitation, restoration, and reconstruction are thoughtfully considered for successful execution. Vesta’s expertise maximizes the use of federal, state, and local financial resources in order to ensure the many nuances of historic redevelopments are properly addressed.

ACQUISITIONS

Vesta’s approach to growing its portfolio is through impact investment. Along with their strategic partner, Choice Housing Investments, Vesta has realized success with social responsibility. As long-term owners, Vesta is committed to its communities and ensures new acquisitions allow Vesta to do what they do best – add value. A sought-after partner, Vesta carefully analyzes each potential acquisition to ensure it fits in with their vision. Identifying, closing, and restoring a community that improves the quality of life for its residents, and making it a place that residents are once again proud to call home, provides the largest return.

LEARN MORE:
Choice Housing Investments

NEW CONSTRUCTION

The growing demand for quality affordable multifamily housing offers ripe opportunities for new construction. Vesta has experience in utilizing financing programs, like the highly competitive 9% Low Income Housing Tax Credit (LIHTC) award, to complete new construction. Evaluating and incorporating state-of-the-art building concepts, technology, and sustainable building standards is at the core of Vesta’s new construction strategy. The longevity of their dedicated team, the oversight provided by their internal construction management team, and longtime design and construction partner, is their recipe to realizing success.

OUR TEAM

Vesta sets itself apart with a nimble, and knowledgeable team experienced in navigating complex financial structures that meet the needs of investors and partners. The development team at Vesta includes professionals with the necessary skills to complete any type of housing redevelopment no matter how complex; including lawyers, CPAs, MBAs, real estate experts, and construction specialists.

ARTHUR N. K. GREENBLATT

President & CEO

LEWIS BROWN

Executive Vice President

AARON GREENBLATT

Counsel

ALEXANDRA MICHAUD

Director of
Acquisitions

STEVEN RICE

Director of
Acquisitions & Development

SARA LEADBETTER

Construction
Manager

DANIEL WALSH

Development
Analyst