Avesta Communities Nationally Ranked as a Top Multifamily Renovator

TAMPA, Fla., May 24, 2013 /PRNewswire-iReach/ -- Avesta Communities has been recognized by Multifamily Executive magazine as one of the nation's top renovators in 2013.  Totaling 3,533 renovated units in 2012 alone, number five ranked Avesta has great reason to be included among veterans in the industry.   In the two years since its founding, Avesta has focused on finding value overlooked by the broader apartment investment industry and applying best practices rarely found outside the top national companies to older workforce housing properties. 

Avesta's Chief Executive Officer Peter Reynolds stated, "Avesta's leadership team has a keen eye for looking past what a property is and seeing what it can be.  Combining that foresight with a dynamic, fast-paced, results oriented-culture and you can see why we are ranked number five in multifamily renovations."

Avesta is poised for continued strategic renovation and repositioning.  Over the past few years, Avesta has assembled a world-class management team adding over 100 collective years of experience, including Senior Vice President of Construction Services Scott Bigham, who has repositioned over 20,000 units.  

"Renovating our communities plays a large part in our overall business plan of offering quality apartment living that our residents deserve at a price they can afford.  By unlocking value in our communities we can better serve our residents, investors and business partners," stated Scott Bigham.

About Avesta Communities

Avesta Communities is a rapidly growing multifamily investment and management firm based in Tampa, Florida.  Avesta engages in the redevelopment, repositioning, acquisition, ownership and operation of workforce housing communities.  Avesta's approach is to provide value to residents and investors by fundamentally transforming under-performing multifamily communities in strategically located metropolitan centers.  Further information is available at www.avestahomes.com.

Media Contact: Rachel Ridley Avesta Communities LLC, 813-444-1529, rridley@avestahomes.com

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SOURCE Avesta Communities LLC


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