Chris & Shelly Demetree Family Foundation Inc, US

HistoryThe Vestcor Companies was founded in 1983 in Jacksonville, Florida and has grown to become one of Florida's largest developers of multifamily communities. Founder, John Rood, moved to Jacksonville in 1981 with a plan for a real estate business that would acquire rental houses, resulting in the purchase of eleven single family homes in 1981. For the next two years, Mr. Rood sold multifamily communities to syndicators from around the country. It was through these experiences that he realized there was an opportunity for a local general partner to do a better job, not only managing the properties, but also providing better communication to investors. With this simple philosophy, Mr. Rood founded Vestcor in 1983. Since formation, Vestcor has formed 71 partnerships investing in raw land, existing apartments, new multifamily developments, condominiums, student communities and retirement communities.SpecialtiesOver the last 30 years, Vestcor has a built reputation of excellence in all areas of multifamily investment services. Since formation, we have developed or acquired in excess of 11,000 multifamily units, consisting of retirement, affordable, luxury and student apartment communities. Our team has the experience to successfully complete all phases of a real-estate investment, from initial concept through long-term management of the asset. Vestcor is constantly looking for new investment opportunities in the ever changing real estate market where we can best utilize our experience to maximize the returns to our investors.