To aggregate a portfolio of 8,000 private rental residencies for people of all ages, races, beliefs, and backgrounds by the end of 2026, in a neighborhood community environment.
Advenir
/
Oakley
1996
Year Founded
2007
30,000 +
Historical Units Owned
3,000 +
$5B
Historical Asset Value
$255M
History
44
Properties
20
13,733
Units
1,764
$3.3B
Asset Value
$255M
$1B +
Equity Under Management
$33M
Portfolio
49
Corporate Employees
4
370
On-Site Employees
40
5
Regional Offices
1
Miami, FL
Headquarters
Birmingham, AL
Team
Investments
Residential specialists who acquire / develop in markets that drive in-migration, job-growth and low taxation
Selective JV partnerships with developers to capitalize on superior risk-adjusted returns
Through a proven track record with Freddie Mac, Advenir has gained recognition as a Freddie Mac Select Sponsor.
Property
Management
Vertically Integrated – self-managed
Culture-Driven Approach: Execution of strong core values
Strong focus on day-to-day on-site operations, financial performance, technologically advanced strategies, and comprehensive market analysis
Construction & Development
In house construction & development team with ground up development expertise across the United States.
MEET THE TEAM
Leadership Team
The Advenir Oakley Capital leadership team is comprised of high-performance real estate professionals.
Stephen Vecchitto is the founder and partner of Advenir Oakley Capital. He is responsible for creating the business plan for more than 14,000 units in Florida, Texas, Colorado, and North Carolina and has oversight responsibility for acquisitions, financing, and investor relations. Prior to his work with Advenir, Stephen, a licensed CPA, founded VSM, LLC, a Hartford, Connecticut-based financial services firm. The firm specialized in litigation support, mergers and acquisitions, fraud, and appraisals. Under his direction as Managing Partner, VSM grew to 40 professionals and became the fifth-largest private firm in Hartford. Stephen dedicates much of his spare time to serving in the business community. He is on the board of directors for Teach for America-Miami and a cornerstone member of the Make-A-Wish Foundation in South Florida. Stephen was on the board of directors at both Deering Bay and the Greater Hartford Chamber of Commerce. He is also a former president of the Rocky Hill Chamber of Commerce, an organization that once named him Person of the Year. Stephen graduated Suma Cum Laude in 1978 from Bentley University with a Bachelor of Science degree in Accounting. David Oakley is the founder and partner of Advenir Oakley Capital. David is responsible for the strategic direction of Oakley Group and spends his time identifying new opportunities, developing vision for Oakley Group, and cultivating equity relationships. David recently served as Senior Managing Director of the Alabama office of Berkadia, where David focused on providing apartment owners capital markets and sales expertise. Since entering the multi-family arena, David has closed over $6 Billion in transactions and has led the state of Alabama in sales volume since 2007. David is also the founder of Select MySpace, an apartment leasing company, and Blue Canoe Properties, a property management company, which he sold in 2012 & 2014. David has been buying and renovating apartment properties since 2003. David graduated summa cum laude from Samford University with a Bachelor’s Degree in Accounting. David now serves on the Board of Advisors for Samford’s Brock School of Business. He is a founder and past board member of Red Mountain Grace – a faith-based non-profit, which provides housing to out-of-town patients and caregivers during their extended medical stays. Matt Vecchitto is an Acquisitions Vice President for Advenir Oakley Capital. Matt joined the company in January of 2021 and performs underwriting, macro, and micro market analysis and assists in Advenir’s due diligence process. Prior to joining Advenir, Matt worked at CIM Group as a part of the Investments Group based out of Los Angeles. While at CIM, Matt focused on acquisitions, financings, development, and asset management. Before that, Matt began his career at Goldman Sachs in New York where he was a part of the Real Estate, Gaming, and Lodging Investment Banking group. Over Matt’s career, he has been able to close over $6.2Bn worth of transactions. Matt holds a Bachelor of Arts degree from the University of Chicago, with a major in Economics with honors. While at the University of Chicago, Matt was a member of the NCAA Varsity Soccer Team, Order of the C, and the Trott Business Program (previously UCIB). Michael Krombach is the Chief Operating Officer and General Counsel for Oakley Group and its affiliates. In that role, he is responsible for the corporate affairs of Oakley Group, property and site due diligence and project acquisitions, and debt relationships. In addition, Michael spends significant time on-site managing extensive property renovation and value-add construction projects throughout Oakley Group’s portfolio. Michael has also spent significant time expanding Oakley Group’s role in cottage-developments and works intimately with project engineers and architects. Prior to Oakley Group, Michael was in private practice with a Birmingham law firm where he focused on asset-based financing transactions, loan workouts, and general corporate work for several large privately held companies and family offices. Before attending law school, Michael was an analyst for Deutsche Bank where he assessed problem areas in asset servicing and trade processing. Michael is a graduate of Samford University with a B.S. in Economics & Finance. Scott Weathers joined the Advenir-Oakley Development team in June of 2021 as the Development and Construction Manager where he is responsible for leading the entitlement, development, and construction efforts in the pursuit of expanding the LEO Living communities. Prior to joining the Advenir-Oakley Development team, he worked for Americold, a cold storage logistics company, and REIT, at Americold, Scott’s role was Senior Manager, Preconstruction where he led Americold’s pursuits of land due diligence, entitlements, and economic incentive efforts. Before joining Americold, Scott worked for Sterling Project Development, as a Construction and Real Estate Advisor where he provided expertise and consultant services on all aspects of the Development and Construction life cycle for an array of projects ranging from office tenant fit-outs to the construction of 60+ story high rise residences. Scott graduated from the Georgia Institute of Technology in 2009 with a degree in Building Construction and now resides in Atlanta, GA with his wife Emily and their two dogs and cat. Diego Mejia is an Acquisition Analyst for Advenir Oakley Capital. Diego joined the company in January 2022 and performs underwriting, macro and micro market analysis and assists in the due diligence process for new acquisitions. Prior to joining Advenir Oakley Capital, Diego was a Macro and Market Analyst for Arcano Partners, an investment bank based in Madrid, Spain. At Arcano, Diego specialized in top-down analysis and forecasting of the Spanish and US real estate markets. Diego studied Finance at IE University in Madrid and International Business at Karlshochchule International University in Karlsruhe, Germany, from where he holds a Bachelor of Arts degree. Diego is an avid traveler and speaks four languages fluently. Tate Davis joined the Advenir-Oakley Development team in April of 2022 as the Director of Construction where he is responsible for leading all aspects of active construction projects in the pursuit of building new LEO Living communities. He brings over 20 years experience in multi-family, commercial & medical construction/development to our team. Prior to joining the Advenir-Oakley Development team, he worked for Capital Growth Medvest, a turnkey Healthcare real estate developer. At Capital Growth Medvest his role was VP of Development & Projects where he managed and oversaw the building of their medical facilities and business development. Before joining Medvest, Tate worked for Brasfield & Gorrie, an ENR Top General Contractor as a project manager. He was responsible for managing the daily aspects of the construction process on a variety of large commercial projects across the Southeast. In 2017 his work on The Pizitz Building won an ABC Eagle Excellence in Construction Award and ENR Southeast Regional Best Projects Award. He is also LEED accredited. Tate graduated from Auburn University and lives in Birmingham, AL with his wife Stefanie and their 3 children Tate, Mason & Palmer. Outside of work Tate sits on the Board for Camp McDowell and is a member of the Birmingham Monday Morning Quarterback Club, which is devoted to fundraising for charities devoted to children’s healthcare. Tate is also an avid golfer and hunter. Carl is the Chief Operating Officer for Advenir Living. He is responsible for the financial performance and operational strategy of the entire Advenir portfolio. Carl leads an Operations Team of over 330 Associates. He oversees the day-to-day operations through the partnership of 2 Regional Vice Presidents, Director Services, and eight Regional Directors. He has held executive-level positions as Senior Vice President for Donaldson, Vice President of Operations at Vantage Management, Edgewood Management, and KETTLER. David Vecchitto is Chief Executive Office for Advenir Living. As CEO, David is responsible for executing the business plan for the portfolio of properties, providing strategic direction to the management company, and developing our people and culture. David joined Advenir as Chief Financial Officer in April 2015 and values integrity, accuracy, and outstanding customer service. Prior to joining Advenir, David had financial leadership positions in public accounting, captive insurance, risk management, not-for-profit, and agri-business. He has extensive international experience, with a passion for providing strategic direction and implementing growth and improvement initiatives to strengthen financial and organizational performance. David volunteers his time working with national leaders to provide leadership and social development in the majority world. David has a bachelor’s degree from Bentley University, a master’s degree from Trinity International University, and is a Certified Public Accountant in the State of Connecticut. Steve Vecchitto
David Oakley
Matt Vecchitto
Michael Krombach
Scott Weathers
Diego Mejia
Tate Davis
Carl Swafford
Carl began his career in 1990, within the multi-family residential market: responsibilities include a combination of Corporate and On-site Operations experience. His expertise is derived from three decades of management, marketing, strategic financial planning, acquisitions, and third-party management experience. Assets managed include REIT-based portfolios, Conventional and Military Housing, Low Income Tax Credit, and HUD communities. Carl’s success is based on the proven ability to partner with leading organizations, departments, and individuals in executing strategies that maximize NOI Goals, improve upon successful assets, re-position challenged communities and enhanced team building.
Carl has acquired the following Multi-Family Industry Certifications: CPM & ARM through IREM; HCCP, SHCM through NAHB and C3P through Spectrum; CAM through NAA and Military Designation CDPM II through PHMA, and has held a VA REALTOR license since 2005. David Vecchitto