Vesta Realty Partners

Name

Vesta Realty Partners

Legal name

Vesta Realty Partners, LLC

Website

https://vesta-rp.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Offices of Real Estate Agents and Brokers (531210)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Investment Sales Brokerage (BPAJABAI)

akta.pro secondary industries

Real Estate Capital Markets Brokerage (Debt & Equity Placement) (FSAEAJAK), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Real estate investment management
• Commercial property development
• Institutional real estate investing
• Industrial property investment
• Multi-family housing development

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Investment Management: The firm manages real estate investments on behalf of institutional investors, generating management fees and performance-based compensation through acquisition, development, and asset management of commercial and residential properties.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Vesta Realty Partners is a real estate investment manager and developer that sources, capitalizes, and executes acquisitions and developments of industrial, residential, and office properties in the Mountain West region. The firm manages these assets on behalf of institutional investors, providing investment management, asset management, and direct property development services. Revenue is generated through management fees and performance-based compensation tied to investment outcomes.

Product overview

Vesta Realty Partners is a real estate investment manager and developer focused on the Mountain West region. The firm operates across three main investment sectors: Industrial, Residential, and Office properties. Their portfolio consists of distinct property offerings including three industrial properties (Spanish Fork Sky Park, New Vista 1, and 111 Commerce Center), three residential properties (West Village, Spanish Fork Residences, and 136 Center), and five office properties (Divvy HQ, Dealertrack, Entrata HQ, Solutionreach HQ, and Younique HQ). The firm was founded in 2020 and targets value-oriented investments with hands-on business plan execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Spanish Fork Sky Park Industrial property adjacent to Spanish Fork Airport spanning 2,000,000 SF, providing logistics and distribution facilities for industrial users.
• New Vista 1 Industrial property located at 3715 S Tracy Hall Pkwy in Provo, UT spanning 177,000 SF.
• 111 Commerce Center Industrial property located at 6791 W 9800 S in West Jordan, UT spanning 1,000,000 SF.
• West Village Residential property located at 401 W 900 S in Salt Lake City, UT with 186 units.
• Spanish Fork Residences Residential property in Spanish Fork, UT developed as part of an industrial-residential mixed-use development.
• 136 Center Residential property located at 13697 S 200 W in Draper, UT with 102 units.
• Divvy HQ Office property located at 13707 South 200 West in Draper, UT spanning 155,000 SF, serving as corporate headquarters for Divvy.
• Dealertrack Office property located at 13693 South 200 West in Draper, UT spanning 164,000 SF, serving as corporate headquarters for Dealertrack.
• Entrata HQ Office property located at 4205 Chapel Ridge Rd in Lehi, UT spanning 106,000 SF, serving as corporate headquarters for Entrata.
• Solutionreach HQ Office property located at 2600 Ashton Blvd in Lehi, UT spanning 146,000 SF, serving as corporate headquarters for Solutionreach.
• Younique HQ Office property located at 3400 W Mayflower Ave in Lehi, UT spanning 125,000 SF, serving as corporate headquarters for Younique.

Quantifiable outcome

• $14 billion+ in institutional quality real estate invested and developed across US, Europe, and Asia
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Community OrganizationsminorOthersVesta team members are leaders in organizations committed to social responsibility, the next generation of sustainable built environment initiatives, and improving quality of life for community stakeholders. Eight affiliated organizations are listed with their logos displayed on the community engagement page.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Woodbury Corporation: Utah-based family-owned real estate investment and development firm with a multi-decade track record across industrial, office, and multifamily properties. Directly competes in the same Mountain West submarkets as Vesta.
• Gardner Group: Mountain West real estate developer where Vesta Partner John Bankhead was previously Co-Head of Development for 12 years, executing $2B+ of office, residential, and industrial projects. Directly comparable in geography and product mix.
• Kensington Investment Company: Utah-based real estate developer where Vesta Partner Shane Rensmon was previously President of Real Estate Development. Develops office, multifamily, and mixed-use assets across the Mountain West, including Utah's tallest luxury tower (Astra Tower).
• Ivory Homes: Utah's largest residential homebuilder and developer. Competes with Vesta's residential strategy in the same Mountain West geographies, including Salt Lake City and surrounding suburbs.
• Wadsworth Development Group: Mountain West real estate developer and investor with diversified holdings across Utah, Idaho, and surrounding states. Competes for institutional investment and development opportunities in the same submarkets as Vesta.

Broad incumbents

• CBRE Investment Management: One of the world's largest institutional real estate investment managers with diversified strategies across asset classes and geographies. Competes for institutional LP capital and offers overlapping investment management capabilities to Vesta.
• Lincoln Property Company: Diversified national real estate investment, development, and management firm with significant multifamily, office, and industrial holdings. Competes with Vesta across multiple asset classes and geographies, with overlapping tenant relationships and LP base.
• Nuveen Real Estate: Major global institutional real estate investment manager ($150B+ AUM). Vesta Partner Thayer Hunt was previously an acquisition officer at Nuveen supporting $6B+ of healthcare, office, and life science investments. Directly comparable investment management platform at vastly greater scale.
• JLL Capital Markets: Global commercial real estate services and investment management platform offering capital markets advisory, debt/equity placement, and asset management to institutional clients. Overlaps significantly with Vesta's investment management and acquisition services.
• Brookfield Asset Management: One of the largest global alternative asset managers with extensive real estate operations spanning investment management, development, and operating companies across office, multifamily, industrial, and retail. Comparable investment management model at scale far beyond Vesta.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vesta-realty-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vesta Realty Partners