WHO WE ARE

$1B+
Financing Closed
20,000+
Apartment Homes
14
States + District of Columbia
1998
Year Founded

CORE VALUES

Deeply ingrained in the organization, these values are the cornerstones of Vesta’s foundation. They guide every action and serve as a commitment to every team member, resident, partner, and investor.

Communication

We interact with transparency and clarity.

Passion

We enthusiastically pursue exceptional performance.

Moral Alignment

We conduct ourselves with integrity, empathy, and trust.

Collaboration

We are inextricably linked, working as a team to achieve our goals.

Accountability

We deliver on our commitments and take responsibility for our actions.

LEADERSHIP

HOW IT STARTED

Vesta Corporation was created in 1998 by Steve Erie and Arthur Greenblatt, who began developing affordable housing together in 1981 with a shared passion: doing well while doing good. Pioneers in the Low-Income Housing Tax Credit program since its inception in 1986, they made Vesta a sought-after partner for national lenders, investors, and tax credit syndicators.

Vesta was born after Steve and Arthur expertly — and aggressively — navigated the banking crisis of the late 1980s and early 1990s, spending most of the decade fixing broken deals. Steve’s relentless focus on planning and financial management, paired with Arthur’s vision and creative financing, made Vesta a continuously profitable company.

THE HIGHLIGHTS

Four decades of doing well while doing good.

  1. 1981

    A Partnership Begins

    Steve Erie and Arthur Greenblatt begin working together financing affordable housing, united by a shared passion: doing well while doing good.

  2. 1986

    LIHTC Pioneers

    Steve and Arthur become early pioneers in the Low-Income Housing Tax Credit program from its very inception.

  3. 1987

    Property Management Added

    Services expand to include the property management of owned affordable housing communities.

  4. 1990

    Navigating the Banking Collapse

    Through the banking industry collapse of 1990–1994, the team expertly and aggressively works to fix broken deals across the country.

  5. 1998

    Vesta Corporation is Founded

    Having successfully navigated the banking crisis, Steve Erie and Arthur Greenblatt formally create Vesta Corporation.

  6. 2001

    Largest Project to Date

    Vesta redevelops a 484-unit community in Cleveland, Ohio — a $53.5M effort that includes a state-of-the-art Learning Center.

  7. 2008

    Countryside Village

    Vesta completes the multi-phase redevelopment of Countryside Village in New Jersey, replacing distressed barracks-style housing with a new mixed-income community.

  8. 2011

    The Vision Sharpens

    Clarity of the Vesta vision emerges, setting the foundation for a decade of disciplined growth.

  9. 2013

    A Growing Team

    Vesta moves to a new corporate office with more than 200 employees companywide.

  10. 2016

    A Founder Retires

    Co-founder Steve Erie retires from Vesta; Arthur Greenblatt continues to lead the organization.

  11. 2017

    8,000 Units

    Vesta achieves its first Big Hairy Audacious Goal — growing to 8,000 units, doubling in size from its 2011 baseline.

  12. 2020

    Delivering Through a Pandemic

    Vesta completes the Park Yellowstone redevelopment on time during the pandemic, transitions to remote work, and adds staff without a single layoff.

  13. 2021

    10,000 Units

    Vesta reaches its “10-in-20” goal of 10,000 units under its portfolio.

  14. 2023

    Two Landmark Ribbon Cuttings

    Ribbon cuttings for 800 Southern Avenue in Washington, D.C. ($87.9M, 360 units) and The Longfellow Senior Housing in Cleveland, Ohio.

  15. 2024

    CoStar Impact Award

    The Longfellow Senior Housing wins the CoStar Impact Award for Redevelopment of the Year in the Cleveland market.

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