Vesta Corporation Continues Growth in New York’s Capital Region

Weatogue, Conn. (July 13, 2021)– Vesta Corporation (Vesta), a leading real estate firmspecializing in the acquisition, development, and management of multi-family andsenior affordable housing announces the recent acquisitions of Diamond Rock Terrace,a 117-unit affordable senior housing community in Troy, NY, and Trackside ApartmentHomes, a 205-unit affordable housing community in Johnstown, NY. These transactionsare part of the continued partnership between Vesta and Choice Housing Investments.“The strategic acquisitions of Diamond Rock Terrace and Trackside Apartment Homesfurthers Vesta’s goal to create and preserve quality affordable housing in and aroundthe Capital Region,” said Lewis Brown, Executive Vice President with Vesta.“Choice Housing Investments is excited to invest in and preserve these neededaffordable housing assets. These assets fit nicely within CHI’s portfolio and assist us indelivering on our mandate. We look forward to being good stewards for theseproperties and our investors for years to come,” said Joshua Greenblatt, President, CHI.The addition of Diamond Rock Terrace and Trackside expands Vesta’s portfolio in theregion to over 500 apartment homes.

About Vesta Corporation
Vesta specializes in the creation and operation of well-managed and high qualityaffordable rental housing communities. As a developer, manager, and long-termowner of affordable housing, Vesta creates success through innovative financing,nimble decision making, and the strength of its experienced team of highly skilled anddedicated professionals. Vesta currently owns and/or operates 56 affordable housingcommunities, with over 9,500 apartment homes in Connecticut, Maryland, New Jersey, New York, Ohio, Texas, Virginia, and the District of Columbia. Vesta has more than 300employees in its corporate office and in the field.

About Choice Housing Investments
Choice Housing Investments is impact investing in the multifamily space. Similar to otherimpact investments, CHI strives to achieve a double bottom line by delivering attractivereturns to its investors while also having a positive social impact. CHI accomplishes thisthrough investing in affordable and workforce communities, with the goal of providingquality housing that is proximate to places of employment. CHI has deployed over $35million in equity into nine properties with a total capitalization of nearly $150 million. CHIis the strategic capital partner of Vesta Corporation, a developer, owner and managerof multifamily properties with a 40-year track record.