Vesta Capital makes its mark as a top real estate investment firm in Oklahoma with its successful $32 million multifamily property sale.
Real estate has been a tough investment in recent years due to its unpredictable market fluctuations. In spite of the economic challenges, Vesta Capital has successfully sold its Waterford property for over $32 million, garnering a 21.8% ROI and a 1.92 equity multiple for investors.
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With the Waterford property sale, Vesta Capital reaffirms its position as a prominent player in the real estate investment industry, showcasing its top-grade property and prudent financial management.
“We take immense pride in what we've accomplished,” said Founder and CEO Marc Kulick. “Now, as we navigate these uncertain economic times, I am equally proud and excited to secure a win for our investors and provide stellar returns. The sale of Waterford is not just a transaction; it's a testament to our commitment to excellence in the real estate industry."
Vesta Capital spent the past five years elevating the Waterford community, providing residents with exceptional living experiences while securing strong returns for investors. The successful sale of the Waterford property is a reflection of the firm's dedication to both its residents and investors.
Vesta Capital takes a vertically integrated approach to its business operations, running the day-to-day management of its apartments. This allows the firm to ensure that all purchased properties pass strict underwriting standards.
Since its inception in 2017, the real estate investment firm has built a portfolio of over 10,000 units with a combined value of over $925 million in the Tulsa, Oklahoma City, Wichita, and Little Rock markets.
Vesta Capital is a privately held, fully integrated real estate investment firm that specializes in the acquisition, renovation, and ongoing management of multifamily properties in Oklahoma, Kansas, and Arkansas. With an experienced team of real estate operators, Vesta continues to invest in properties that are positioned to perform well under a variety of market conditions.
“We are excited for the year ahead. Throughout 2024 we plan to bring increased liquidity to our investors through sales and refinances, offer several new stable cash-flowing investment opportunities, and continue to grow our property management team for the betterment of our valued residents and investment partners,” said CEO Marc Kulick.
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