Vesta Capital, one of the premier real estate investment firms in Oklahoma, announced the official completion of the sale of Waterford, a 344-unit multifamily property located in Tulsa.
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Following the latest announcement, Vesta Capital's Waterford property has been sold for over $32 million, generating a 21.8% ROI and a 1.92 equity multiple for investors.
For more details, please visit https://www.vestarealproperty.com
With the Waterford property sale, Vesta Capital says it reaffirms its position as a prominent player in the real estate investment industry, showcasing its 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, the team says.
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.
About Vesta Capital
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.
Interested parties can find more information at https://www.vestarealproperty.com
Contact Info:
Name: Mario Gipson
Email: Send Email
Organization: Vesta Capital
Address: 6911 S 66th E Ave Suite 100, Tulsa, OK 74133, United States
Website: https://www.vestarealproperty.com/
Source: PressCable
Release ID: 89122619
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