Weatogue’s Vesta Corporation Announces Industry Accolades

Vesta Corporation, a Weatogue-based company which develops, owns and manages affordable housing has been recognized with two prestigious industry accolades.

The company was recognized as the fifth largest acquirer of affordable housing units nationwide on the list of Top 10 Companies Completing Acquisitions in 2015 by Affordable Housing Finance. This list was published in its April/May issue of the magazine.

In addition, the National Affordable Housing Management Association (NAHMA) also announced that Vesta was included in the nationwide “2016 Affordable 100” for the first time. This a list of the 100 largest affordable multifamily property management companies ranked by number of units in their management portfolio.

In late 2015, Vesta Corporation completed a single acquisition that added over 1,700 affordable housing units in ten communities to its owned and managed portfolio, bringing the total number of managed units to nearly 6,700. The portfolio is spread across 40 communities in four states and Washington D.C. Vesta continues to pursue growth and the current pipeline of deals scheduled to close will bring this total to approximately 7,700 by the third quarter of 2016. Vesta is the only firm in New England that made the prestigious AHF list.

Vesta’s founders, Arthur Greenblatt and Steve Erie, recently celebrated their 35th anniversary working together.