The 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 86 partnerships investing in raw land, existing apartments, new multifamily developments, condominiums, student communities and retirement communities. The success of Vestcor can be attributed to the guiding principle that has been a focus for the last thirty years - to exceed expectations. This holds true for investors, residents, and employees.

Vestcor takes pride in all of its properties and creates a community that residents are proud to call home. Vestcor is an active owner that meets monthly with the management company and follows up with on site meetings to ensure operations are within budget and standards are maintained.

Vestcor gives back to the community. As a Rotarian, Mr. Rood supports the Rotary motto "service above self". It is with this principle that Vestcor created the Vestcor Family Foundation and is proud to give back to charities in each market where we do business.

In addition to managing its 5,500 unit portfolio, Vestcor is developing new communities, particularly in the two niches where they have recently found tremendous success, student housing and senior housing.

Vestcor's student properties, "The Flats", are first class communities designed with exceptional resort style amenities and conveniences to meet students' needs academically and socially. Vestcor's occupancies and rental rates lead the market as students and their parents appreciate the high standards evident in all aspects of their communities.

The demand for senior housing in Florida is strong and growing each year as seniors look to retire in Florida. Vestcor has been involved in senior housing since 2005 and has developed communities that seniors are proud to call home.

Vestcor will continue to strive for excellence in the management and development of current and new communities while exceeding the expectations of investors, residents, and employees.