Artificial Intelligence
Builders Company
Developers/Vestcor
V
VestcorJacksonville, United States · founded 1983 · 1 active markets
PRIVATE

Vestcor develops and invests in multifamily rental communities across Florida, including affordable and workforce housing, market-rate apartments, student housing, senior living, and historic rehabilitation. It serves working families, renters, students, seniors, and vulnerable residents through partnerships and long-term asset management.

Years in business
43
founded 1983
LinkedIn headcount
24
employees, as shown on LinkedIn · size band 11–50
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
THE VESTCOR COMPANIES, INC.1
Headquarters
1649 Atlantic Blvd1, Jacksonville1, United States
Founded
19831
Entity type
PRIVATE1
Business model
build to rent1, commercial1, mixed use1, masterplan1, other1
Markets
1 market listed
What they build
Residential, for rent (9 of 9) · Other (1 of 9)
Full dossier in About →

Delivery record

8 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
0.0 mo
the middle of 8 scored projects
Average delay
+4.2 mo
the same projects, pulled by the worst
Average time to deliver
2.5 yrs
start to completion, over 7 delivered projects
Worst slip
+20.5 mo
The Ambar · +14.0 to +27.0
5
early or less than 6 months late
6 to 12 months late
2
yellow rows below
Over 12 months late
1
red rows below

Against other developers

8 date-assessed here · 231 developers, 852 date-assessed projects in United States
Median delay
Vestcor·231 developers in United States
0.0 mo vs +4.5 mo
this developer 4.5 mo better
The typical project on each side.
Average delay
Vestcor·231 developers in United States
+4.2 mo vs +7.5 mo
this developer 3.3 mo better
Both pulled by their worst few.
On time
Vestcor·231 developers in United States
63% vs 56%
this developer 7 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Vestcor·231 developers in United States
2.5 yrs vs 2.9 yrs
this developer 0.4 yrs faster
Start to completion, over 7 delivered here and 703 in the market.
Projects and timelines in Track Record →

Resident experience

8 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.4/ 10
Weighted judgment across build and operations · from 8 of 8 rated buildings
Little structure evidence (2 of 8 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
8.6/ 10
Fabric, services, waterproofing, envelope · from 2 of 8 rated buildings
Management & living
7.2/ 10
Upkeep, response times, amenities, community · from 7 of 8 rated buildings

Against other developers

8 rated here · 249 developers, 1285 rated buildings in United States
Overall rating
Vestcor · 249 other developers in United States
7.4 vs 7.8
this developer 0.4 worse
The weighted verdict on each side. From 8 of 8 rated buildings here and 1285 in the market.
Structure & systems
Vestcor · 249 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (2 of 8)
Fabric and engineering only — fixed at handover. From 2 of 8 rated buildings here and 541 in the market.
Management & living
Vestcor · 249 other developers in United States
7.2 vs 7.4
this developer 0.2 worse
Upkeep and response — belongs to whoever runs the building now. From 7 of 8 rated buildings here and 1243 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Loan default: June 2009; foreclosure reported March 26, 2013 Vestcor Development Corp. reportedly defaulted on a $13.5 million Bank of America loan in June 2009, and the 312-unit Riley Chase apartment complex in North Port was subsequently lost to foreclosure; this concerns the project entity and is an older matter outside the rolling ten-year window.
  • LEGAL January 5, 2021 In Balan v. Vestcor Fund XXII, a federal court treated as established that the defendants did not have an emergency transfer plan required by the Violence Against Women Act; the court otherwise denied the plaintiff's partial-summary-judgment motion, so this does not establish all of the allegations in the lawsuit.
  • PROJECT CANCELLED March 5, 2021 (reported); Vestcor informed the city in November 2020 Vestcor abandoned its planned 88-unit LaVilla for-sale townhouse project after months of delays, returned the 3.45-acre parcel to Jacksonville, and said the decision was market-driven after the pandemic affected its willingness to pursue the product.
  • 3 more in Risk & Sources
Record status
active
Company sources
131 source entries across 130 fields
Projects tracked
10 · 9 completed in assessment
All flags and sources →

Track Record

Delivery record

8 date-assessed of 9 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
9
within the rolling ten-year window
Median delay
0.0 mo
the middle of 8 scored projects
Average delay
+4.2 mo
the same projects, pulled by the worst
Average time to deliver
2.5 yrs
start to completion, over 7 delivered projects
Worst slip
+20.5 mo
The Ambar · +14.0 to +27.0
5
early or less than 6 months late
6 to 12 months late
2
yellow rows below
Over 12 months late
1
red rows below

Against other developers

8 date-assessed here · 231 developers, 852 date-assessed projects in United States
Median delay
Vestcor·231 developers in United States
0.0 mo vs +4.5 mo
this developer 4.5 mo better
The typical project on each side.
Average delay
Vestcor·231 developers in United States
+4.2 mo vs +7.5 mo
this developer 3.3 mo better
Both pulled by their worst few.
On time
Vestcor·231 developers in United States
63% vs 56%
this developer 7 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Vestcor·231 developers in United States
2.5 yrs vs 2.9 yrs
this developer 0.4 yrs faster
Start to completion, over 7 delivered here and 703 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

9 of 9 projects dated · 5 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Pompano Beach, United States
Jacksonville, United States
Miami, United States
Marathon, United States
Clearwater, United States
202220232024202520262027todayPOMPANO BEACH, UNITED STATES+11 moverifiedJACKSONVILLE, UNITED STATES+2 moestimated+0.5 moverified−0.5 moverified−0.5 moverified+6.5 moverifiedMIAMI, UNITED STATES+20.5 moverifiedMARATHON, UNITED STATES−3.5 moverifiedCLEARWATER, UNITED STATES−0.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 2 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

8 of 9 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.4/ 10
Weighted judgment across build and operations · from 8 of 8 rated buildings
Little structure evidence (2 of 8 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
8.6/ 10
Fabric, services, waterproofing, envelope · from 2 of 8 rated buildings
Management & living
7.2/ 10
Upkeep, response times, amenities, community · from 7 of 8 rated buildings

Against other developers

8 rated here · 249 developers, 1285 rated buildings in United States
Overall rating
Vestcor · 249 other developers in United States
7.4 vs 7.8
this developer 0.4 worse
The weighted verdict on each side. From 8 of 8 rated buildings here and 1285 in the market.
Structure & systems
Vestcor · 249 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (2 of 8)
Fabric and engineering only — fixed at handover. From 2 of 8 rated buildings here and 541 in the market.
Management & living
Vestcor · 249 other developers in United States
7.2 vs 7.4
this developer 0.2 worse
Upkeep and response — belongs to whoever runs the building now. From 7 of 8 rated buildings here and 1243 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

8 rated · 1 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Madison PalmsArlington, Jacksonville240 units
9.2/ 10
8.6/ 10
ApartmentRatings 4.9/5 · 54 reviews · apartmentratings.com
ApartmentRatings publishes 4.9/5 from 54 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 8.6.
8.3/ 10
ApartmentRatings 4.7/5, 4.6/5, 4.6/5, 4.8/5, 4.9/5 · 54 reviews · apartmentratings.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.3.

ApartmentRatings supplies the largest reported review base—4.7/5 from 466 renter votes—so it sets the level; the stated conversion is 9.1/10 before commentary. Repeated praise for staff, maintenance and upkeep supports a small upward adjustment, while recurring trash, noise and pool-access complaints produce a modest downward adjustment, yielding 9.2/10 overall. Structure is scored only from the reported 4.9/5 maintenance evidence and the limited thin-wall commentary.

+ Responsive maintenance+ Well-kept grounds+ New construction+ Energy-efficient appliances
− Thin walls/noise transfer
+ Helpful professional staff+ Fast maintenance response+ Clean and well-kept property+ Quiet setting+ Controlled access and surveillance
− Trash problems− Noise/corridor disturbance− Pool-access frustration− Rent increases− Some rule-enforcement concerns

Published resident material describes Madison Palms as “clean, new and fresh,” and ApartmentRatings reports a 4.9/5 maintenance survey score. One resident nevertheless said, “The walls are pretty thin,” which is the only repeated building-fabric concern located; no published evidence was found of leaks, flooding, HVAC failure, plumbing failure or electrical problems.

Daily-life feedback is mostly favorable: residents describe the staff as “kind, professional, and understanding,” call the community quiet, and praise the property as well-kept. The negative feedback is operational rather than structural, including “The trash situation is a very serious problem,” dog hair in hallways, corridor noise, and a complaint that residents could not enjoy the pool.

Gavin PointJacksonville105 units
8.8/ 10
—/ 10
8.8/ 10

Google’s building-specific aggregate of 4.5/5 from 33 reviews sets the level, converting to 8.5/10 under the requested curve. Repeated written praise for staff responsiveness, cleanliness, quiet and safety supports a modest upward adjustment, while no recurring or serious complaint was found; structural scoring remains unevidenced.

+ Friendly staff+ Responsive leasing office+ Clean common areas+ Quiet community+ Safety and security
− No pool mentioned

no notes returned

no links returned

The published reviews describe a clean, quiet and safe day-to-day experience, with residents calling the community “very safe and friendly” and saying the office staff were “phenomenal.” Reviewers repeatedly praised prompt communication, resident events and modern amenities; the main recurring lifestyle limitation visible in the reviews is the wish that the property had a pool.

The Grove at CountrysideClearwater126 units
7.8/ 10
8.5/ 10
6.8/ 10
Mirador Living 3.8/5, 4.3/5, 4.2/5, 4.6/5, 3/5 · 43 reviews · miradorliving.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.8.

The largest qualifying review base is the Google aggregate reported as 4.5/5 from 40 reviews, which converts to 8.5 under the specified curve. The written evidence is materially mixed: the facility, layout, food and staff receive repeated praise, but staffing instability, dining lapses and a serious care-response account justify a downward adjustment; no review evidence supports a structural-failure markdown.

+ New construction+ Bright rooms and modern finishes+ Clean and spacious layout+ Resort-like common areas
− Maintenance/upkeep concerns in guest bathrooms
+ Compassionate caregivers+ Welcoming staff+ Chef-prepared meals+ 24-hour nursing mentioned+ Strong social layout and amenities
− Staff turnover− Understaffing concerns− Inconsistent dining service− Care-response gaps− Limited transportation/outings

Reviews describe the building as “stunning—bright, clean, and thoughtfully designed,” with “rooms... wonderful bright” and a beautiful lobby. The physical criticisms found were limited to upkeep: one reviewer reported black grout and said a bathroom floor remained dirty after being reported twice; no review-based evidence established a structural, plumbing, HVAC or electrical failure.

Daily-life feedback is sharply mixed. Positive reviewers call the staff “wonderful,” praise “delicious” and varied food, and describe an easy move-in, while later complaints report “HEADSPINNING” turnover, dirty unbussed tables, early dining closure and inadequate assistance; one family said promised checks did not happen and emails were unanswered.

CoCo VistaMarathon109 units
7.4/ 10
—/ 10
—/ 10

The only published resident aggregate located is Point2Homes’ 5/5 from one review, which is below the 10-review threshold for an anchor. With only one written review, the no-published-rating rule does not permit a score; no structural score is supported by the reported evidence.

+ Positive resident comment

no notes returned

no links returned

The only written resident feedback located was positive overall, stating “No tego receña todo me gusta todo esta vien.” Published property materials describe a resident lounge, fitness center, pet park, monthly resident activities and 24-hour emergency maintenance, but these are amenities or service claims rather than resident-reviewed performance.

Melissa GroveJacksonville90 units
7.2/ 10
—/ 10
7.8/ 10
Caring.com 4.7/5 · 6 reviews · caring.com
Caring.com publishes 4.7/5 from 6 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 7.8.

Caring.com supplies the building-specific aggregate of 4.0/5 from six reviews, which converts to 7.0 under the requested curve and is the only qualifying building-specific aggregate located. The evidence is mostly favorable on staff, cleanliness, security and community spaces, with repeated minor concerns about room size; the small review base warrants keeping the result close to 6.5.

+ Friendly and knowledgeable staff+ Cleanliness+ Security+ Community/activity spaces+ Welcoming atmosphere
− Small rooms/bedrooms− Limited amenities− One reported front-desk wait− One reported carpet-cleanliness concern

no notes returned

no links returned

Published reviews commonly praise the staff as “very kind and knowledgeable,” describe the building as “very clean” and “spotless,” and mention security and community space positively. The main lifestyle criticism is room size—one reviewer said the rooms were “too small,” another said they lacked enough footage—and one visitor reported waiting because staff were helping another applicant.

Lofts at CathedralCathedral District, Jacksonville120 units
7.1/ 10
—/ 10
7.1/ 10

Google’s building-specific 4.0/5 aggregate from 20 reviews sets the level and converts to 7.0/10. Repeated praise for staff and maintenance offsets, but does not fully erase, two separate management/leasing complaints; the resulting evidence-based score is 7.1, while no structure score is assigned because the report contains no building-specific structural rating.

− Thin walls− Noise transfer
+ Friendly staff+ Responsive communication+ Prompt maintenance+ Clean common areas
− Leasing errors− Resident-service frustration− Noise complaints

One resident reported that the “walls are paper thin” and that they could hear cabinets, chairs, television and conversation from the neighboring apartment. This is a single non-severe acoustic complaint, not a published structural rating or evidence of a broader systems failure.

Positive reviewers describe staff as “incredible,” “friendly and helpful,” and say maintenance requests are handled within “1-2 days,” with hallways swept and mopped. Negative feedback includes a complaint about repeated Zego messages, a disputed leasing promise, and a resident who said management handled the property like “a halfway house.”

Lofts at San Marco EastSan Marco East, Jacksonville172 units
5.9/ 10
—/ 10
5.9/ 10

The Google Reviews/Maps building aggregate of 3.7/5 from 42 reviews sets the level, converting to 6.1/10 under the specified curve. The score is reduced for recurring management and pest complaints and a reported unresolved leak, then partly offset by repeated praise for staff and maintenance; no separate published structure rating supports a structure score.

− Unresolved closet leak− Mildew or mold odor
+ Helpful staff+ Professional staff+ Prompt maintenance+ Secure property+ Community events
− Roach complaints− Unresponsive office staff− Rude management complaints− Frequent inspections and lease restrictions− Unannounced apartment entry

The published resident material contains one infrastructure-related complaint: a reviewer said a closet leak had remained unresolved for weeks and that the room developed a mildew and mold smell after a fan was left there. Other published material describes the property as “well maintained,” but does not provide an engineering inspection or building-systems rating; the evidence is therefore limited and mixed.

Daily-life feedback is polarized. Positive reviewers called staff “super kind and accommodating,” “very professional,” and said maintenance was prompt, while negative reviewers described the office as “completely unresponsive and unprofessional,” reported recurring roaches, and alleged unannounced entry and burdensome inspections or restrictions.

The AmbarMiami105 units
5.5/ 10
—/ 10
5.5/ 10

The only building-specific published aggregate located was Google Reviews/Maps at 1/5 from 2 reviews, which is below the 10-review anchor threshold. The two available written reviews both describe parking and towing problems, but the low review base requires keeping the result within one point of 6.5; no structural evidence was published in the reviewed material.

− Insufficient parking− Towing complaints

no notes returned

no links returned

The two building-specific reviews were negative about day-to-day living: one says there is “no parking for residents” and alleges that the towing company “harrass[es] and hunt[s] the tenants down.” The second review calls The Ambar “Es una pesadilla” (“It’s a nightmare”) and says parking is insufficient for the tenants.

Only buildings that have reached handover are rated. 1 of 9 projects carries no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
THE VESTCOR COMPANIES, INC.
Headquarters
1649 Atlantic Blvd, Jacksonville, United States
San Marco · 32207
Founded
1983
Jacksonville, United States
Entity type
PRIVATE
Revenue
USD 13.1 million
Business model
build to rent, commercial, mixed use, masterplan, other

Partners

15 partners
I.M. Sulzbacher Center
joint venture

Sulzbacher Village was co-developed by Sulzbacher and Vestcor and owned by a limited partnership controlled by Sulzbacher Center.

Wesley Fellowship, Inc.
landowner

Wesley Fellowship provided the land for Sulzbacher Village and planned to remain a partner after development.

Summit Contracting Group, Inc.
contractor

Summit was the general contractor for Sulzbacher Village and Sydney Trace.

PQH Architects Group, Inc.
partner

PQH was the architect for Sulzbacher Village.

Alden Torch
funder

Alden Torch provided construction financing for Sulzbacher Village.

Florida Department of Economic Opportunity
government partner

The department provided additional funding for Sulzbacher Village through loan/grant monies.

Florida Housing Finance Corporation
government partner

Florida Housing provided additional funding for Sulzbacher Village and administered its Low Income Housing Tax Credits.

Jacksonville Housing Finance Authority
government partner

The authority issued bonds and provided a gap mortgage for Sydney Trace, and funding for Lofts at Monroe.

Neighborhood Lending Partners of Florida
funder

Neighborhood Lending Partners provided a loan for Lofts at Monroe.

Wells Fargo
funder

Wells Fargo provided a loan for Lofts at Monroe.

Downtown Investment Authority
government partner

The authority provided funding for Lofts at Monroe.

Eisman & Russo
partner

Eisman & Russo partnered with Vestcor to complete Lofts at Monroe.

Group 4 Design, Inc.
partner

Group 4 Design partnered with Vestcor to complete Lofts at Monroe.

WRH Realty Services, LLC
operator

WRH manages Vestcor affordable-housing communities and partnered with Vestcor on Gavin Point and Madison Palms.

Jacksonville Housing Authority
government partner

Vestcor provided third-party development services for authority-owned Centennial Towers and The Waves.

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
In partnership with The Sulzbacher Center, a local non-profit organization, the Vestcor Companies will break ground on Sulzbacher Village, an affordable housing community for women and children.
value seen: The Sulzbacher Center
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
Wesley Fellowship, Inc., a United Methodist Church, provided the land for the Village, and plans to be a strong partner once developed.
value seen: Wesley Fellowship, Inc.
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

COMPANY2018-12-06

Vestcor Celebrates The Grand Opening Of Lofts At Monroe

The Vestcor Companies, Inc.
Funding was also provided by the Downtown Investment Authority and Jacksonville Housing Finance Authority.
value seen: Downtown Investment Authority
https://vestcor.com/press-release/vestcor-celebrates-the-grand-opening-of-lofts-at-monroe/

Sources: partners

COMPANY2018-12-06

Vestcor Celebrates The Grand Opening Of Lofts At Monroe

The Vestcor Companies, Inc.
Vestcor partnered with Eisman & Russo, Group 4 Design, Inc., and Summit Contracting Group to complete the community.
value seen: Eisman & Russo
https://vestcor.com/press-release/vestcor-celebrates-the-grand-opening-of-lofts-at-monroe/

Sources: partners

COMPANY2018-12-06

Vestcor Celebrates The Grand Opening Of Lofts At Monroe

The Vestcor Companies, Inc.
Vestcor partnered with Eisman & Russo, Group 4 Design, Inc., and Summit Contracting Group to complete the community.
value seen: Group 4 Design, Inc.
https://vestcor.com/press-release/vestcor-celebrates-the-grand-opening-of-lofts-at-monroe/

Sources: partners

CONTRACTOR2025-04-22

WRH Realty Services and The Vestcor Companies Expand Affordable Housing Portfolio: Gavin Point Apartments

WRH Realty Services, LLC
WRH Realty Services, LLC ... is partnering with The Vestcor Companies to bring additional affordable housing to Jacksonville, Florida.
value seen: WRH Realty Services, LLC
https://www.wrhrealty.com/in-the-news/wrh-realty-services-and-the-vestcor-companies-expand-affordable-housing-portfolio-gavin-point-apartments

Sources: partners

COMPANYdate not shown in source

Development Services Project Portfolio » Vestcor

The Vestcor Companies, Inc.
Vestcor has provided 3rd party development services for several non-profit organizations and local housing authorities to develop affordable housing communities across Florida.
value seen: Jacksonville Housing Authority
held out of the figures · the quote does not carry this value
https://vestcor.com/portfolio/development-services/

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
PQH Architects Group, Inc. and Summit Contracting Group, Inc., both Jacksonville-based are architect and general contractor respectively for the development.
value seen: Summit Contracting Group, Inc.
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
PQH Architects Group, Inc. and Summit Contracting Group, Inc., both Jacksonville-based are architect and general contractor respectively for the development.
value seen: PQH Architects Group, Inc.
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
Construction financing for the development is being provided by Alden Torch
value seen: Alden Torch
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
additional funding by the Florida Department of Economic Opportunity and Florida Housing Finance Corporation through a combination of loan/grant monies and Low Income Housing Tax Credits.
value seen: Florida Department of Economic Opportunity
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

PRESS2017-04-13

Vestcor to Break Ground on 124-Unit Affordable Housing Community in Jacksonville, Florida

MultifamilyBiz.com
additional funding by the Florida Department of Economic Opportunity and Florida Housing Finance Corporation through a combination of loan/grant monies and Low Income Housing Tax Credits.
value seen: Florida Housing Finance Corporation
https://www.multifamilybiz.com/pressreleases/6991/vestcor_to_break_ground_on_124unit_affordable_hous...

Sources: partners

PRESS2020-07-07

Affordable Jacksonville Project Lands $21M Financing

Multi-Housing News
The city’s housing finance authority provided Vestcor with bonds and a gap loan to develop the 192-unit community.
value seen: Jacksonville Housing Finance Authority
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.multihousingnews.com/affordable-jacksonville-project-lands-21m-financing/

Sources: partners

COMPANY2018-12-06

Vestcor Celebrates The Grand Opening Of Lofts At Monroe

The Vestcor Companies, Inc.
Lofts at Monroe was financed by a combination of loans from Neighborhood Lending Partners of Florida, Wells Fargo, and the Low-Income Housing Tax Credits administered by Florida Housing Finance Corporation.
value seen: Neighborhood Lending Partners of Florida
https://vestcor.com/press-release/vestcor-celebrates-the-grand-opening-of-lofts-at-monroe/

Sources: partners

COMPANY2018-12-06

Vestcor Celebrates The Grand Opening Of Lofts At Monroe

The Vestcor Companies, Inc.
Lofts at Monroe was financed by a combination of loans from Neighborhood Lending Partners of Florida, Wells Fargo, and the Low-Income Housing Tax Credits administered by Florida Housing Finance Corporation.
value seen: Wells Fargo
https://vestcor.com/press-release/vestcor-celebrates-the-grand-opening-of-lofts-at-monroe/

Registrations & licences

COMPANY NUMBERG41811
Florida Department of State, Division of Corporations (Sunbiz) · US · ACTIVE
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 9 projects tracked

What they build

2 types
Residential, for rent9 of 9
Other1 of 9
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
JD
John D. Rood
John D. Rood founded Vestcor in 1983 and remains its chairman. The company describes him as managing partner for more than 113 investment partnerships, responsible for acquisition or development, management and disposition; his documented outside record includes U.S. ambassador to The Bahamas and current corporate and education-related board service.
Current title
Chairman, The Vestcor Companies; founder
since Jun 1983
Experience
no career length stated
Companies before
none sourced
Education
University of Montanabachelor's degree
Other boards
Fidelity National Financial, Inc., Board of DirectorsFlorida Prepaid College Board, ChairmanFlagler College, Board of Trustees
Known for
FounderChairmanMultifamily real estateFormer U.S. ambassadorCorporate-board experience
https://linkedin.com/in/john-rood-677a0670
work with my Bahamian friends, old and new, to advance our common interests and to help attain lasting prosperity and security for our two countries and the region. The Freeport News April, 2005https://vestcor.com/about/leadership/

Sources: degree

OTHERdate not shown in source

Board Members

Florida Prepaid College Foundation
Mr. Rood received his bachelor’s degree from the University of Montana.
value seen: bachelor's degree
https://www.floridaprepaidcollegefoundation.com/about-us/board-members-staff/

Sources: institution

COMPANYdate not shown in source

Board Members

Florida Prepaid College Foundation
Mr. Rood received his bachelor’s degree from the University of Montana.
value seen: University of Montana
value paraphrased from this source
https://www.floridaprepaidcollegefoundation.com/about-us/board-members-staff/

Sources: full name

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
### John D. Rood
value seen: John D. Rood
https://vestcor.com/about/leadership/

Sources: linkedin page

SOCIAL2026-09-25

John Rood

LinkedIn
# John Rood
value seen: https://linkedin.com/in/john-rood-677a0670
https://linkedin.com/in/john-rood-677a0670

Sources: other boards

SOCIAL2026-09-25

John Rood

LinkedIn
### Board Member - Fidelity National Financial, Inc. Board of Directors (Current)
value seen: Fidelity National Financial, Inc., Board of Directors
value paraphrased from this source
https://linkedin.com/in/john-rood-677a0670

Sources: other boards

OTHERdate not shown in source

Board Members

Florida Prepaid College Foundation
John D. Rood Ambassador John D. Rood was appointed Chairman of the Florida Prepaid College Board by Governor Rick Scott in 2016.
value seen: Florida Prepaid College Board, Chairman
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.floridaprepaidcollegefoundation.com/about-us/board-members-staff/

Sources: other boards

SOCIAL2026-09-25

John Rood

LinkedIn
### Member at Board of Trustees of Flagler College
value seen: Flagler College, Board of Trustees
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/john-rood-677a0670

Sources: quotes

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
“work with my Bahamian friends, old and new, to advance our common interests and to help attain lasting prosperity and security for our two countries and the region.”
value seen: work with my Bahamian friends, old and new, to advance our common interests and to help attain lasting prosperity and security for our two countries and the region.
https://vestcor.com/about/leadership/

Sources: since

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
Mr. Rood began his real estate career in 1983 as founder of The Vestcor Companies.
value seen: 1983
https://vestcor.com/about/leadership/

Sources: summary

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
Mr. Rood began his real estate career in 1983 as founder of The Vestcor Companies.
value seen: John D. Rood founded Vestcor in 1983 and remains its chairman.
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
Mr. Rood began his real estate career in 1983 as founder of The Vestcor Companies.
value seen: Founder
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
##### Chairman, The Vestcor Companies
value seen: Chairman
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
the company focused on brokerage of multifamily properties and then expanded into real estate investments, development, and construction.
value seen: Multifamily real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

PRESS2010-02-03

A conversation with John Rood

Jacksonville Daily Record
Most people know John Rood as chairman of Vestcor Companies, Inc. and JDR Companies, Inc. That’s because he began his career in real estate development when he founded Vestcor in 1983.
value seen: Former U.S. ambassador
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.jaxdailyrecord.com/news/2010/feb/03/conversation-john-rood/

Sources: title

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
##### Chairman, The Vestcor Companies
value seen: Chairman, The Vestcor Companies
https://vestcor.com/about/leadership/
SM
Steve Moore
Steve Moore is president of The Vestcor Companies and is responsible for overall direction, operating and investment decisions, strategic planning, growth and portfolio oversight. He also chairs the University of North Florida Board of Trustees and has an accounting and MBA background from UNF.
Current title
President, The Vestcor Companies
Experience
no career length stated
Companies before
none sourced
Education
University of North Florida, Coggin College of BusinessBachelor of Business Administration, accounting; MBA
Other boards
University of North Florida, Board of Trustees, ChairDuval County Research and Development Authority
Known for
PresidentOperationsInvestment oversightMBAUNF trustee chair
We never sit still and we’re not going anywhere. This is our city and we want to see our city viewed in a positive manner. J Magazine https://www.jacksonville.com/story/lifestyle/magazine/2017/12/17/j-magazine-partner-profile-vestcor-companies/15372688007/

Sources: education

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
Steve earned his Bachelor of Business Administration degree with a major in accounting and MBA from the Coggin College of Business at UNF.
value seen: Bachelor of Business Administration degree with a major in accounting and MBA
https://www.unf.edu/trustees/board-members.html

Sources: full name

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
### Steve Moore
value seen: Steve Moore
https://vestcor.com/about/leadership/

Sources: other boards

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
He serves as Chair of the Board of Trustees.
value seen: University of North Florida, Board of Trustees, Chair
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.unf.edu/trustees/board-members.html

Sources: other boards

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
He is also a member of the Duval County Research and Development Authority
value seen: Duval County Research and Development Authority
https://vestcor.com/about/leadership/

Sources: quotes

PRESS2017-12-17

J Magazine Partner Profile: The Vestcor Companies

Jacksonville.com
“We never sit still and we’re not going anywhere. This is our city and we want to see our city viewed in a positive manner.”
value seen: We never sit still and we’re not going anywhere. This is our city and we want to see our city viewed in a positive manner.
https://www.jacksonville.com/story/lifestyle/magazine/2017/12/17/j-magazine-partner-profile-vestcor-companies/15372688007/

Sources: summary

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
Steve Moore is the President of The Vestcor Companies and is responsible for the overall direction and performance of the company, overseeing all operational and investment decisions.
value seen: Steve Moore is president of The Vestcor Companies and is responsible for overall direction, operating and investment decisions, strategic planning, growth and portfolio oversight.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.unf.edu/trustees/board-members.html

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
##### President, The Vestcor Companies
value seen: President
https://vestcor.com/about/leadership/

Sources: tags

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
Steve Moore is the President of The Vestcor Companies and is responsible for the overall direction and performance of the company, overseeing all operational and investment decisions.
value seen: Operations
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.unf.edu/trustees/board-members.html

Sources: tags

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
He is responsible for the strategic planning and growth of the company and maintains oversight of Vestcor's portfolio of investments.
value seen: Investment oversight
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.unf.edu/trustees/board-members.html

Sources: tags

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
Steve earned his Bachelor of Business Administration degree with a major in accounting and MBA from the Coggin College of Business at UNF.
value seen: MBA
https://www.unf.edu/trustees/board-members.html

Sources: tags

OTHERdate not shown in source

UNF: Board Members

University of North Florida · carried by unf.edu
He serves as Chair of the Board of Trustees.
value seen: UNF trustee chair
held out of the figures · the quote does not carry this value
https://www.unf.edu/trustees/board-members.html

Sources: title

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
##### President, The Vestcor Companies
value seen: President, The Vestcor Companies
https://vestcor.com/about/leadership/
WM
Will Morgan
Will Morgan has led Vestcor Communities since March 2001. Vestcor assigns him responsibility for market and site selection, design and development, asset-management oversight, capital structuring and investor relations for market-rate communities; his documented education is in accounting.
Current title
President, Vestcor Communities
since Mar 2001
Experience
no career length stated
Companies before
EY
Education
University of FloridaBachelor of Science in Accounting
University of North FloridaMaster of Accountancy
Other boards
none sourced
Known for
PresidentMarket-rate developmentAsset managementCapital structuringInvestor relations
https://linkedin.com/in/will-morgan-517a4919
From the beginning, it has been important to surround ourselves with industry experience as this is a new sector for us. MultifamilyBiz.com https://www.multifamilybiz.com/pressreleases/4256/vestcor_celebrates_ground_breaking_of_luxury_senio...

Sources: education

SOCIAL2026-08-26

Will Morgan

LinkedIn
### Bachelor of Science in Accounting, Accounting at University of Florida
value seen: Bachelor of Science in Accounting
https://linkedin.com/in/will-morgan-517a4919

Sources: education

SOCIAL2026-08-26

Will Morgan

LinkedIn
### Master of Accountancy, Accounting at University of North Florida
value seen: Master of Accountancy
https://linkedin.com/in/will-morgan-517a4919

Sources: full name

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
### Will Morgan
value seen: Will Morgan
https://vestcor.com/about/leadership/

Sources: linkedin page

SOCIAL2026-08-26

Will Morgan

LinkedIn
# Will Morgan
value seen: https://linkedin.com/in/will-morgan-517a4919
https://linkedin.com/in/will-morgan-517a4919

Sources: previous companies

SOCIAL2026-08-26

Will Morgan

LinkedIn
### Audit Manager - EY
value seen: EY
https://linkedin.com/in/will-morgan-517a4919

Sources: quotes

PRESS2016-07-26

Vestcor Celebrates Ground Breaking of Luxury Seniors Living Care Community in Jacksonville, Florida

MultifamilyBiz.com
“From the beginning, it has been important to surround ourselves with industry experience as this is a new sector for us,” said Will Morgan.
value seen: From the beginning, it has been important to surround ourselves with industry experience as this is a new sector for us.
https://www.multifamilybiz.com/pressreleases/4256/vestcor_celebrates_ground_breaking_of_luxury_senio...

Sources: since

SOCIAL2026-08-26

Will Morgan

LinkedIn
Mar 2001 - Present
value seen: Mar 2001
https://linkedin.com/in/will-morgan-517a4919

Sources: summary

SOCIAL2026-08-26

Will Morgan

LinkedIn
### President - Vestcor Communities - The Vestcor Companies, Inc. (Current)
value seen: Will Morgan has led Vestcor Communities since March 2001.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/will-morgan-517a4919

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
##### President, Vestcor Communities
value seen: President
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
design and development of new properties under Vestcor Communities, Inc.
value seen: Market-rate development
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
asset management oversight
value seen: Asset management
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
capital structuring
value seen: Capital structuring
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
investor relations for Vestcor's market rate communities
value seen: Investor relations
https://vestcor.com/about/leadership/

Sources: title

COMPANY2021-08-31

Leadership » Vestcor

The Vestcor Companies
##### President, Vestcor Communities
value seen: President, Vestcor Communities
https://vestcor.com/about/leadership/
RH
Ryan Hoover
Ryan Hoover is president of TVC Development. Vestcor assigns him responsibility for applications, design and development of new properties, regional affordable-housing activity using housing-credit and bond programs, and asset management for limited-partnership ownership entities; independent reporting shows him discussing financing constraints and affordability strategy.
Current title
President, TVC Development
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
PresidentAffordable housingTax-credit developmentMortgage-revenue bondsAsset management
It’s difficult to get larger deals done with tax credits with (construction) costs going up. Jacksonville Daily Record October 19, 2022https://www.jaxdailyrecord.com/news/2022/oct/20/vestcor-seeks-dollar5-million-city-loan-for-merrill-road-affordable-housing/

Sources: full name

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
### Ryan Hoover
value seen: Ryan Hoover
https://vestcor.com/about/leadership/

Sources: quotes

PRESS2022-10-20

Vestcor seeks $5 million city loan for Merrill Road affordable housing

Jacksonville Daily Record
“It’s difficult to get larger deals done with tax credits with (construction) costs going up,” he said.
value seen: It’s difficult to get larger deals done with tax credits with (construction) costs going up.
https://www.jaxdailyrecord.com/news/2022/oct/20/vestcor-seeks-dollar5-million-city-loan-for-merrill-road-affordable-housing/

Sources: summary

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
Ryan Hoover is responsible for the application process, design and development of new properties under TVC Development, Inc.
value seen: Ryan Hoover is president of TVC Development and leads affordable-housing development and asset management.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
##### President, TVC Development
value seen: President
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
regional affordable-housing development activity under the Housing Credit and Mortgage Revenue Bond programs
value seen: Affordable housing
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
under the Housing Credit and Mortgage Revenue Bond programs
value seen: Tax-credit development
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
under the Housing Credit and Mortgage Revenue Bond programs
value seen: Mortgage-revenue bonds
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
Ryan oversees the asset management functions associated with the limited partnership ownership entities of the new and existing properties in the Vestcor portfolio.
value seen: Asset management
https://vestcor.com/about/leadership/

Sources: title

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
##### President, TVC Development
value seen: President, TVC Development
https://vestcor.com/about/leadership/
EA
Elena Adames
Elena Adames has been president of Ambar3 since March 2016. Her documented remit is Southeast Florida affordable-housing development, including applications, design and development and housing-credit, bond and other financing programs; a Vestcor release quotes her on the workforce-housing objective of an Ambar3 project.
Current title
President, Ambar3
since Mar 2016
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
PresidentSoutheast FloridaAffordable housingWorkforce housingMultifamily development
https://linkedin.com/in/elena-adames-84943953
We are proud to provide much needed workforce housing to this community. The Vestcor Companies March 11, 2020https://vestcor.com/press-release/ambar3-to-celebrate-the-grand-opening-of-ambar-key/

Sources: full name

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
### Elena Adames
value seen: Elena Adames
https://vestcor.com/about/leadership/

Sources: linkedin page

SOCIAL2026-09-08

Elena Adames

LinkedIn
# Elena Adames
value seen: https://linkedin.com/in/elena-adames-84943953
https://linkedin.com/in/elena-adames-84943953

Sources: quotes

COMPANY2020-03-12

Ambar3 To Celebrate The Grand Opening Of Ambar Key

The Vestcor Companies
“We are proud to provide much needed workforce housing to this community,” said Vestcor President Elena Adames.
value seen: We are proud to provide much needed workforce housing to this community.
https://vestcor.com/press-release/ambar3-to-celebrate-the-grand-opening-of-ambar-key/

Sources: since

SOCIAL2026-09-08

Elena Adames

LinkedIn
### President - Ambar3, LLC (Current) Mar 2016 - Present
value seen: Mar 2016
https://linkedin.com/in/elena-adames-84943953

Sources: summary

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
Elena Adames is responsible for the application process, design and development of new properties under Ambar3, LLC.
value seen: Elena Adames has been president of Ambar3 since March 2016.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
##### President, Ambar3
value seen: President
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
affordable-housing development activity for Southeast Florida under the Housing Credit and Mortgage Revenue Bond programs
value seen: Southeast Florida
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
affordable-housing development activity for Southeast Florida
value seen: Affordable housing
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2020-03-12

Ambar3 To Celebrate The Grand Opening Of Ambar Key

The Vestcor Companies
We are proud to provide much needed workforce housing to this community
value seen: Workforce housing
value paraphrased from this source
https://vestcor.com/press-release/ambar3-to-celebrate-the-grand-opening-of-ambar-key/

Sources: title

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
##### President, Ambar3
value seen: President, Ambar3
https://vestcor.com/about/leadership/
JF
Jason Floyd
Jason Floyd has been Vestcor’s CFO since January 2017, after earlier service with the company as controller and director of accounting. He oversees finance and accounting, financial reporting, financing for developments, information technology and relationships with financial institutions, insurers, professional-services firms and government agencies.
Current title
Chief Financial Officer, The Vestcor Companies
since Jan 2017
Experience
no career length stated
Companies before
Jacksonville Sound & Communications, Inc.Eola Capital
Education
University of North FloridaMBA
University of North Florida - College of Business AdministrationBBA, Accounting
Other boards
none sourced
Known for
CFOFinancial reportingDevelopment financeInformation technologyReal-estate accounting
https://linkedin.com/in/jason-floyd-71b1a735

Sources: education

SOCIAL2026-09-22

Jason Floyd

LinkedIn
### MBA at University of North Florida
value seen: MBA at University of North Florida
https://linkedin.com/in/jason-floyd-71b1a735

Sources: education

SOCIAL2026-09-22

Jason Floyd

LinkedIn
### BBA, Accounting at University of North Florida - College of Business Administration
value seen: BBA, Accounting at University of North Florida - College of Business Administration
https://linkedin.com/in/jason-floyd-71b1a735

Sources: full name

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
### Jason Floyd
value seen: Jason Floyd
https://vestcor.com/about/leadership/

Sources: linkedin page

SOCIAL2026-09-22

Jason Floyd

LinkedIn
# Jason Floyd
value seen: https://linkedin.com/in/jason-floyd-71b1a735
https://linkedin.com/in/jason-floyd-71b1a735

Sources: previous companies

SOCIAL2026-09-22

Jason Floyd

LinkedIn
### VP of Finance - Jacksonville Sound & Communications, Inc.
value seen: Jacksonville Sound & Communications, Inc.
value paraphrased from this source
https://linkedin.com/in/jason-floyd-71b1a735

Sources: previous companies

SOCIAL2026-09-22

Jason Floyd

LinkedIn
### Assistant Controller - Eola Capital
value seen: Eola Capital
https://linkedin.com/in/jason-floyd-71b1a735

Sources: since

SOCIAL2026-09-22

Jason Floyd

LinkedIn
#### CFO (Current) Jan 2017 - Present
value seen: Jan 2017
https://linkedin.com/in/jason-floyd-71b1a735

Sources: summary

SOCIAL2026-09-22

Jason Floyd

LinkedIn
#### CFO (Current) Jan 2017 - Present
value seen: Jason Floyd has been Vestcor’s CFO since January 2017, after earlier service with the company as controller and director of accounting.
value paraphrased from this source
https://linkedin.com/in/jason-floyd-71b1a735

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
##### Chief Financial Officer, The Vestcor Companies
value seen: CFO
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
Jason's responsibilities include financial reporting, financing for new and existing developments and information technology.
value seen: Financial reporting
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
Jason's responsibilities include financial reporting, financing for new and existing developments
value seen: Development finance
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://vestcor.com/about/leadership/

Sources: tags

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
Jason's responsibilities include financial reporting, financing for new and existing developments and information technology.
value seen: Information technology
https://vestcor.com/about/leadership/

Sources: tags

SOCIAL2026-09-22

Jason Floyd

LinkedIn
### Controller - The Vestcor Companies
value seen: Real-estate accounting
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/jason-floyd-71b1a735

Sources: title

COMPANY2021-08-31

Leadership - Jacksonville

The Vestcor Companies
##### Chief Financial Officer, The Vestcor Companies
value seen: Chief Financial Officer, The Vestcor Companies
https://vestcor.com/about/leadership/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

1 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

9 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Provident PlacePompano Beach, United States
residential for rent1001————2024Thursday, September 12, 2024Jun 2025 – Aug 2025Jun 2026+11.0 mo
(+10.0 to +12.0)
sourcedcompleted
Madison PalmsJacksonville, United States
Arlington
residential for rent24013—USD 56.5m
estimated cost
—2024March 5, 2024Mar 2025May 2025+2.0 mo
(+2.0 to +2.0)
estimatedcompleted
Gavin PointJacksonville, United States
residential for rent10514102,800 sq ftUSD 13.1m
other
———Jun 2025Jan 2025 – Dec 2025+0.5 mo
(−5.0 to +6.0)
sourcedcompleted
The AmbarMiami, United States
residential for rent105111135,350 sq ft——2022spring 2022Sep 2023 – Nov 2023Jan 2025 – Dec 2025+20.5 mo
(+14.0 to +27.0)
sourcedcompleted
CoCo VistaMarathon, United States
residential for rent1091three stories———2022around mid-MaySep 2024 – Nov 2024Jan 2024 – Dec 2024−3.5 mo
(−10.0 to +3.0)
sourcedcompleted
Lofts at CathedralJacksonville, United States
Cathedral District
residential for rent1201——USD 40m
other
—2023March of 2023Jun 2024 – Aug 2024Jan 2024 – Dec 2024−0.5 mo
(−7.0 to +6.0)
sourcedcompleted
Lofts at San Marco EastJacksonville, United States
San Marco East
residential for rent1721Four-story183,500 sq ftUSD 25m
other
—20232023Jun 2024 – Aug 2024Jan 2024 – Dec 2024−0.5 mo
(−7.0 to +6.0)
sourcedcompleted
Melissa GroveJacksonville, United States
residential for rent901389,975 sq ftUSD 23m
other
—2022December 13, 2022Oct 2023 – Feb 2024Jan 2024 – Dec 2024+6.5 mo
(−1.0 to +14.0)
sourcedcompleted
The Grove at CountrysideClearwater, United States
residential for rent, other1261three-story144,841 sq ftUSD 33.9m
other
—2022August 18, 2022Jun 2024 – Aug 2024Jan 2024 – Dec 2024−0.5 mo
(−7.0 to +6.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

2 found
PROJECT AWARD Winner 2020
Building Block Award · Vestcor workforce housing in LaVilla
Vestcor was the 2020 recipient for developing workforce housing with access to transportation in LaVilla; LISC describes the award as recognizing a real-estate project advancing Jacksonville’s underserved urban core.
RANKING Ranked November 11, 2022
Best Places to Work — Extra Small
Vestcor was included in the Jacksonville Business Journal’s 2022 Best Places to Work list in the Extra Small category.

Risks

Risk flags

6 found
FINANCIAL DISTRESS Loan default: June 2009; foreclosure reported March 26, 2013
Vestcor Development Corp. reportedly defaulted on a $13.5 million Bank of America loan in June 2009, and the 312-unit Riley Chase apartment complex in North Port was subsequently lost to foreclosure; this concerns the project entity and is an older matter outside the rolling ten-year window.
LEGAL January 5, 2021
In Balan v. Vestcor Fund XXII, a federal court treated as established that the defendants did not have an emergency transfer plan required by the Violence Against Women Act; the court otherwise denied the plaintiff's partial-summary-judgment motion, so this does not establish all of the allegations in the lawsuit.
PROJECT CANCELLED March 5, 2021 (reported); Vestcor informed the city in November 2020
Vestcor abandoned its planned 88-unit LaVilla for-sale townhouse project after months of delays, returned the 3.45-acre parcel to Jacksonville, and said the decision was market-driven after the pandemic affected its willingness to pursue the product.
DELIVERY DELAY September 8, 2026
Vestcor, through Lofts at Southbank Ltd., sought a one-year extension that would be the third extension to the project agreement, resetting the construction-start deadline to September 1, 2027 and the completion deadline to May 1, 2029; these are revised future commitments, not evidence of completion.
PROJECT CANCELLED March 5, 2021 publication; Vestcor told the DIA in November 2020
Vestcor Companies Inc., through subsidiary TVC Development Inc., abandoned the planned 88-townhouse LaVilla project after several months of delays, returned the 3.45-acre parcel to Jacksonville, and ended its involvement; the withdrawal was attributed to pandemic-driven market conditions, not a completed project.
DELIVERY DELAY October 13, 2026 approval/report; September 8, 2026 extension request; January 13, 2026 tax-credit waiver petition documented inability to meet the February 5, 2026 10% test
Lofts at Southbank Ltd., with Vestcor identified as its registered agent and address-holder, had not commenced construction by October 2026 and received a further extension—reported as the third—to move the construction deadline to September 1, 2027 and completion to May 1, 2029, while the project was still seeking financing.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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