On August 6th, 2021, Vesta Capital LLC acquired its 6th property of the year, 23 East Apartments located in East Tulsa. 23 East Apartments is made up of 235 units and was purchased for $14.4 million.
In 2021, Vesta Capital LLC has grown their unit count by over 1,000 units, just over 19%. Vesta Capital LLC was founded four years ago by current CEO Marc Kulick.
Since its inception in February 2017, Vesta Capital has grown to own and operate 25 properties. The company’s focus is on multifamily properties in Oklahoma and Arkansas with plans to expand across other states.
Kulick spent 10 years in the property management industry before beginning Vesta Capital. With this experience, he is leading the company to become one of the top multifamily owner and operators in the state.
Over the years Vesta has maintained steady growth, with 2021 set to become the most successful year yet. Since January 2021 the company has grown by 31.5% and is on target to double in size by 2022.
