Oklahoma’s Vesta Capital Just Sold Its Waterford Property for $32.3 million

Jun 28, 2024

Big news from Vesta Capital! The real estate investment firm has completed the sale of its Waterford property, securing a project equity multiple of 1.92 for its investors. Invest with them and smile all the way to the bank.

Are you looking to invest in Oklahoma's commercial real estate market? You need a real estate investment firm with a track record of transparency and risk management.

Invest in multifamily property with Vesta Capital today and watch your real estate portfolio thrive!  

Amidst geopolitical uncertainties impacting interest rates, investor interest, and the economy as a whole, Vesta Capital achieved an impressive 21.8% total project return on the Waterford property—a 344-unit multifamily property located in Tulsa, Oklahoma.

The Remarkable Waterford Property Sale

Vesta Capital bought the Waterford property in 2018 for around $23.6 million (or $67,500 per unit) and sold it in 2024 for $32,336,000 ($94,000 per unit). Needless to say, the deal is a remarkable achievement that highlights the firm's financial management prowess and cements its status as a leading player in investment real estate.

Commenting on the completed sale, Founder and CEO of Vesta Capital, Marc Kulick, said, “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.”

Nearly a Billion in Value for Investors

Vesta Capital’s portfolio currently includes over 10,000 units across Class A, B, and C+ assets in Arkansas, Kansas, and Oklahoma. Since its inception in 2017, Vesta has acquired more than 9,600 units valued at over $925 million across Tulsa, Oklahoma City, Wichita, and Little Rock.

Marc Kulick says the firm plans to improve investor cash flow throughout the year by:

  • Selling assets and refinancing
  • Offering new investment opportunities with stable cash flow
  • Growing their property management team to better serve both residents and investment partners

Why Invest in Vesta Capital

Vesta Capital is a real estate investment firm specializing in buying and managing multifamily properties in Oklahoma, Kansas, and Arkansas. They are dedicated to finding the best investment opportunities and helping you get the most out of your investments.

With over 300 professionals in three states, this private real estate investment firm handles the daily operations of all its properties. They use their experience, smart strategies, and knack for exclusive opportunities to stay ahead in the competitive market.

Ready to take the next step with a firm that prioritizes your success?

Check out Vesta Capital’s portfolio and current investment opportunities at http://www.vestarealproperty.com/

Web Analytics