Avesta Communities Receives UACDC Community Stakeholder Award for Community Involvement and Public Safety Initiatives in University Area

TAMPA, Fla., Sept. 25, 2013 /PRNewswire-iReach/ -- Tampa-based multi-family firm Avesta Communities has been recognized by the University Area Community Development Coalition ("UACDC") for its community improvement and public safety initiatives in Tampa's University Area. The Community Stakeholder Award, presented by the UACDC at its September 6 annual awards banquet, recognized Avesta Communities for "substantial impact through renovation, beautification, community involvement, and public safety strategies through their exceptional leadership, commitment and generosity in Hillsborough County and the University Area."

UACDC honored individuals, businesses, and other volunteer organizations who work to improve blighted neighborhoods in the University Area.  Avesta Communities was recognized for its work as a for-profit owner and renovator of apartment homes. "We are honored to receive this award," Robert Reynolds, Vice President of Organizational Development stated. "A for-profit business like ours does not often get recognized for an award like this; this award recognizes the commitment and service we provide to our communities." Avesta Communities was one of nine recipients to be recognized by the UACDC at the banquet.

Avesta Communities currently owns and manages approximately 2,000 apartment homes in the Tampa market and over 6,500 apartment homes across Florida and Texas. In its three years of operation, Avesta Communities has renovated and managed nearly 1,500 apartment homes in the University Area and has become one of the country's most prolific apartment renovators.

The award caps a busy year of collaboration between Avesta Communities and the UACDC. "We've had the pleasure of working closely with the UACDC this year," remarked Dan French, Vice President of Development for Avesta Communities. "Our set of values align closely with their mission. We know that if we collaborate, our residents, the University Area, and Tampa as a whole will benefit immensely."

About Avesta Communities

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